In Kenya, mobile banking is rapidly becoming the most preferred way on how we interact with our banks and finances. Most banks have reported that branch transactions have began dwindling while mobile transactions are growing at a rapid rate. The lenders are under pressure than ever to provide digital services or face a wave of Fintech startups that are already disrupting traditional banking business.
Something interesting has happened in the last few weeks, CBA Group launched a revolutionary banking app dubbed “CBA Loop”. The app is so well designed with a flawless layout that it would instantly make anyone switch from any other bank if you weren’t already a member.
It does most of the things the other banking apps do i.e checks balances, payments —but the most interesting thing is that this app is so feature rich it even allows you to set up alerts that are pushed to your phone when your balance falls below or goes over a certain amount, view your plans, alerts to notify you when bills are due and instantly pay the bills, make investments, buy goods and services, apply for a loan, your cash flow statement, online transactions and even your net worth.
If you’re not among them, you should consider downloading the app. Why? It’s an incredibly convenient and secure way to bank.