Kenya-based Equity Bank has introduced a MasterCard branded prepaid card for Maseno University students.
The new offering will assist students to receive their Higher Education Loans Board (HELB) loans, while minimising cash handling risks and accept e-payment platforms during transactions.
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Additionally, the lender has leveraged on technology to offer enhanced cash management services, payment security and increased accountability.
Equity Bank senior manager for payments Priscilla Owuor said: “As a bank, we partnered with universities to provide a prepaid campus card that is secure, reliable and convenient to use on any university’s e-payment platform.
“Students will minimize the risk of handling hard cash, easily track their expenses and fulfil a greater need for budgeting and financial planning.”
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By GlobalData
