Equity Bank has rolled out a set of new features on its Equity Mobile App aimed at reducing transaction errors, cutting repetitive processing steps, and strengthening security on float purchases.
The updates introduce four key capabilities: QR-based payments, bulk payment processing, self-managed transaction limits, and a pre-approved agent list for float purchases.
With the QR payment feature, customers can now generate a personal QR code to receive funds or scan a recipient’s code to send money, eliminating the need to manually key in account numbers. The bank says this reduces input errors and speeds up transaction completion.
The bulk payments function allows customers to process multiple transfers in a single workflow, either by entering them manually or by uploading a file. The feature is targeted at business account holders managing high volumes of transactions such as supplier payments or salary disbursements.
On transaction limits, customers can now view and adjust their own limits directly within the app, either temporarily or permanently, without requiring bank intervention. This addresses a recurring frustration for users who have hit preset ceilings during high-value or time-sensitive payments.
The float purchase update introduces a controlled agent list, where customers must verify and approve agents before transacting with them. Each new addition goes through a verification process, a move the bank says is designed to reduce exposure to fraud and erroneous transfers in float transactions.
The Equity Mobile App is available for download at: https://equitygroupholdings.com/ke/download-equity-mobile-app/