Absa Bank Kenya will invest KSh2 billion to upgrade its technology infrastructure, enabling customers to open accounts online.
In addition, they invest in an online account opening platform, allowing customers to open accounts through the internet or smartphone remotely.
“This introduction is inspired by customers’ and businesses’ desire for a simple yet efficient banking experience,” Absa Bank Kenya Managing Director Jeremy Awori said in an emailed statement.
“The online account opening is thus a real game changer for customers and the market, as it will provide customers with a new level of ease by eliminating the need for applicants to fill out paper applications or provide multiple documents when opening an account.”
Customers who open a new account can access the newly introduced Absa Digital Savings Account, which has an introductory interest rate of 7% per annum.
The account earns daily interest and pays it out quarterly. Customers can also deposit funds quickly after activating their accounts and securely access their balance anytime and from any location.
Absa Bank Kenya, Visa Tie Up to Simplify Domestic and Cross-Border Remittances
