Equity Bank launched Equity Online for Business (EOB), a web‑and‑mobile hub that brings together bank transfers, M‑Pesa payments and cross‑border settlements in a single dashboard.
The service is open to existing Equity business customers who can log in with their current online‑banking credentials, while new firms can enrol through Equity’s business‑banking channels and set up custom user roles.
EOB lets companies move money between local accounts via RTGS or PesaLink, send funds to international suppliers, and disburse directly to mobile‑money wallets, all from the same interface.
Utility bills and statutory obligations, including Kenya Revenue Authority taxes, can be settled straight from the platform, reducing the need for separate payment channels.
Bulk‑payment functionality enables managers to upload payment files and release salaries, allowances or vendor invoices in a single batch, regardless of the recipient’s bank or mobile‑money provider.
Recurring expenses can be scheduled and automated, with reminders that help businesses meet statutory deadlines and rent payments without manual tracking.
EOB introduces maker‑checker approval workflows: accountants can prepare transactions while owners or finance directors receive instant notifications to approve or reject them remotely.
The platform’s liquidity‑monitoring tools display current balances alongside upcoming commitments, giving managers a real‑time view of cash positions before authorising new orders.
For firms with ERP, accounting or HR systems, EOB offers API banking and host‑to‑host connectivity, allowing automatic data exchange and eliminating manual reconciliation.
In‑app lending features let business owners apply for credit, track loan repayments and manage fixed or call deposits without leaving the platform.
EOB is available 24/7, including weekends and public holidays, on both desktop browsers and mobile devices, ensuring continuous access for busy enterprises.
Comments