Equity rolls out payment, financing options as schools reopen
Speaking on Capital FM, Equity Bank Business Growth and Development Manager Peter Karuga said the measures are aimed at easing the financial pressure faced by families during the back-to-school period.
Equity Bank has introduced a range of payment and financing options to ease the financial pressure faced by families as schools reopen for the new term. These solutions include school-fee payments, cashless purchases, short-term credit, merchant financing, and working capital for businesses supplying school materials. Equity Bank Business Growth and Development Manager Peter Karuga emphasized that the bank aims to alleviate the financial burden during the back-to-school period by offering convenient, affordable, and stress-free solutions.
Parents can now pay school fees through the bank's mobile application, USSD service, internet banking, branches, and agents, without requiring them to be Equity customers if schools have collection accounts with the bank. Additionally, a prepaid card has been introduced for parents to load money for students to use at school canteens, shopping centers, and other participating outlets, reducing the need for students to carry cash.
Short-term financing is also available for customers facing cash-flow gaps, while businesses selling school supplies can access merchant financing to purchase stock and settle the cost later.
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