The NCBA Group has announced that they are going to be launching the mobile phone banking service, M-Shwari in Ghana, Ethiopia and the Democratic Republic of Congo (DRC).
In new markets the model will be to work with local banking and mobile partners to deliver our products.
The countries of interest for now remain Ghana, Ethiopia and DRC – these added to our current five would make it eight countries.John Gachora, Chief Executive, NCBA Group
As NCBA, we are looking to start seeing digital financial services as an export product beyond Kenya and into the region.
The objective here, of course, is to ensure that we can diversify our revenues from beyond Kenya and be able to see that we are generating significantly more revenues from the digital business outside East Africa.Erick Muriuki, Director of Digital Business, NCBA