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Equitel introduces 5G network to enhance mobile banking

Denis Kipruto by Denis Kipruto
February 28, 2024
in News
Reading Time: 2 mins read

Equitel, Finserve’s mobile virtual network operator (MVNO), has formed a strategic partnership with Airtel to introduce cutting-edge fifth-generation (5G) capabilities in Kenya, marking a notable advancement in the virtual telecommunications realm.

Equitel stands as the inaugural successful MVNO to offer 5G services in Africa, thereby revolutionizing connectivity for businesses, communities, and individuals.

The rollout of Equitel’s 5G services spans over 370 locations nationwide, encompassing key towns such as Mombasa, Nakuru, Nairobi, Athi River, Kisumu, Kakamega, Siaya, Eldoret, and Bungoma.

Collaborating with Airtel, the objective is to extend this high-speed connectivity to densely populated areas, including residential neighborhoods, shopping centers, and central business districts.

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This initiative builds upon Equitel’s previous 4G launch, underscoring its dedication to delivering superior connectivity experiences.

Additionally, the introduction of an attractive data bundle enhances the proposition for Equitel customers, with a 100 percent bonus on data bundles offered every Wednesday and Friday to commemorate this achievement.

Equitel, recognized as Kenya’s premier mobile banking channel, has consistently provided unparalleled convenience, accessibility, affordability, and ease of transacting across various banking channels.

Users benefit from free money transfers between Equitel-to-Equitel lines, leveraging the extensive One Equity Till Number network spanning over one million merchants nationwide. Moreover, the “my life” platform on Equitel facilitates convenient access to informative content from users’ phones, enhancing their overall quality of life.

To access Equitel’s 5G services, customers require a 5G-capable device supported by a 4G-LTE SIM card. Customers still utilizing 3G SIM cards are encouraged to transition to a 4G-LTE SIM card, available with assistance from dedicated Equitel representatives at Equity branches.

Equitel’s foray into 5G represents the latest advancement in Kenya’s telecommunications landscape, aligning with Safaricom and Airtel in offering this advanced network.

This expansion underscores the growing demand for high-speed connectivity, particularly among the data-intensive youth demographic engaged in multimedia content consumption such as video streaming, music, gaming, live sports, and cloud-based services.

With Kenya making significant strides in 5G adoption, Equitel’s entry is poised to bolster subscription numbers. While Nigeria and South Africa lead the continent with 5 million and 1.8 million 5G subscriptions, respectively, Kenya’s dynamic telecommunications sector is well-positioned to meet the evolving connectivity needs of its populace.

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Denis Kipruto

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