kenya:Bank launches integrated digital system

BY CLINTON MUDAKI

Tier three lender Jamii Bora Bank has launched an integrated digital banking system “DigiLife” for internet banking services.

It enables customers undertake online transactions, conduct mobile money transfers and apply for credit facilities anytime on any internet enabled device.

“Our customers are increasingly using mobile devices and online facilities to conduct their businesses and through DigiLife, our customers will be able to pay for utilities and make bulk transfers from their online locations, apply for mobile micro-credit of up to KShs100,000 from their mobile phones and undertake mobile banking activities such as airtime purchases and transfer of cash via M-Pesa and Pesalink to the convenience of their palms, living rooms and business premises,” said Tim Kabiru JBBL group deputy Chief Executive Officer in a statement.

The move will minimize operating costs for the bank as well as the customers while also ensuring expanded access to the bank’s products and services. DigiLife will also complement the bank’s conventional banking operations as doing banking on the go is more efficient to the modern-day customer.

The bank has also integrated M-Pesa superagency, enabling agents to register and link their M-Pesa tills to their bank accounts. Other money transfer services such as Western Union and Moneygram have also been catered for enabling people to send and receive money from their loved ones abroad.

SOURCE: THE STAR