NAIROBI, Kenya, Feb 27 – Equitel has introduced its fourth-generation (5G) network to boost internet banking.
Initially, it will cover 370 locations countrywide, including in towns such as Nairobi, Nakuru, and Kakamega, among others, before being extended to other densely populated areas like residential neighborhoods, shopping centers, and central business districts.
The lender now becomes the first financial institution in the country to adopt the 5G network in partnership with the host mobile network operator, Airtel Kenya.
“This milestone will ensure faster and more reliable connectivity that empowers businesses, communities, and individuals, enabling them to actively engage in the digital economy,” Equity Bank said in a statement.
Users will be required to have 5G devices supported by a 4G-LTE SIM card to access the services.
This comes at a time when the popularity of digital banking has been growing amid changing patterns in the banking sector.
