- One does not need to have a bank account
- Easy to load through mobile money, Eazzy banking, Wakala, and branch
- 24/7 access to fund through ATM, POS, Wakala, and online payments
- Ideal for budgeting as you spend what is loaded in the cards
- Instant transaction alerts
- No need to carry cash. Deposit funds and pay at your convenience.
- Secured by Visa for online payments
- Tap and go option to serve time
The new card is aimed at providing consumers (customers and non-customers) with an alternative banking card that allows for safe, secure, and seamless electronic transactions hence doing away with cash payments.
Equity Bank Executive Director, Esther Kitoka says: “Equity Bank is committed to extending financial inclusion for the unbanked and under-banked in the region. As the country is pushing towards a cashless payment’s economy, It is our mission to provide secured and convenient financial solutions that permit seamless online transactions. As a Bank, We are determined to continue pushing for escalated financial inclusion through increase the number of people using formal financial services whilst advocating for cashless transactions” he said.
According to the Executive Director, Customers, and non-customers using the Equity Eazzy Cardcan only spend what is loaded on the cards, for spends such as purchases, payment for utility bills,fuel, Daladala fares, Ferries crossing charges, online shopping, ticket bookings along with various other benefits. “The card can be simply loaded with balance and used for spends such as purchases, payment for utility bills, online shopping, ticket bookings, and cash withdrawal at ATMs. One does not need to have an account with Equity Bank to acquire the Eazzy Card, because it is not linked to any bank account” she said.
The Visa-powered card comes with a contactless EMV chip allowing customers to do tap-and-go payments for authorized amounts. The cards can be used for free on ATM cash withdrawals and online payments at merchants’ platforms and POS terminals across the country.
Being members of the Visa International network allows the Equity Bank Pre-paid cardholders to use it worldwide for over 40 million points of sale terminals in over 210 countries and territories where VISA is accepted.
The Equity Bank prepaid card, that will valid for 3 years, is similar to a debit card but does not require an account attached to it. It is value-based, such that customers can only spend the loaded amount on the card at a time. It is ideal for everyday payments like utility payments or traveling expenses and is enabled for both to tap and go and pin authentication.
Speaking about means to load and replenish the cards, Ms. Kitoka said; “The card can be funded through our mobile banking services of Eazzy Banking and Internet, Equity Bank Wakala, mobile money or physical visit at any of our branches”. she said.
About future innovative financial solutions, Ms. Kitoka noted “We remain focussed on building new partnerships and collaboration with government and private entities for continuous innovation to offer our customers and the whole market at large, a differentiated banking experience,”
Key benefits of “Equity Eazzy card”
- Easy enrolment with just a NIDA ID without the need to open a bank account
- Faster transaction processing through secure security platforms and tap solution
- Incentivize with rewards and promotional programs
- Define card usage like meal, fuel, and travel among others
- Instant discount offers on 10% in various purchases, Dining, Lifestyle and Travel among others
- Reduces cash transactions and eliminates the hassles of loose change for customers
- Delivers a simple and efficient payment solution for customers on general-purpose reloadable cards
- The card can be used to make purchases, pay utility bills, online shopping, ticket bookings and
- Cash withdrawal at ATMs
Equity Bank Tanzania Limited is a commercial bank working as a subsidiary of Equity Group Holdings Plc, which has other banking subsidiaries in Kenya, Uganda, South Sudan, Rwanda, Democratic Republic of Congo (DRC). Equity Bank Tanzania Limited started operations in 2012, currently with 15 branches across the country with over 3500 agents and a customer base of over 500,000 bank accounts.
Driven by the purpose of transforming lives, giving dignity, and expanding opportunities for wealth creation, Equity Bank operates a business model geared towards serving all citizens and businesses inclusively in line with its vision to be the champion of the socio-economic prosperity of the people of Africa.
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