Equity Bank Kenya has signed a partnership with NALA Payments Limited, a remittance payment processing platform licensed in the UK and United States, to facilitate diaspora remittances into Kenya.
The two companies said the partnership will allow Kenyans living in the United Kingdom and United States send money directly from their banks, through the NALA app, instantly to Equity Bank Kenya accounts and other mobile wallets.
According to NALA CEO Benjamin Fernandes, the partnership will allow the fintech to build stronger financial infrastructure for Kenyans worldwide.
“Payments in Africa are 1% built, and technology enables us to make strides towards integrating the financial tools for advancement.” says Benjamin Fernandes.
NALA OPENS NAIROBI OFFICE
The partnership comes as NALA opened its new office in Nairobi, to host a third of the company’s staff. While NALA operates with a globally remote workforce, operational components like partnerships and customer support will be grounded in the Nairobi Headquarters.