Family Bank launches virtual banking service
06 December 2013, 10:22
Nairobi - Family Bank on Thursday launched a robust mobile virtual banking service dubbed PesaMob, geared at deepening access to financial services by easing account opening and other operations.
Speaking during the launch, Peter Munyiri, the Family Bank Chief Executive Officer said that PesaMob service is designed to provide affordable differentiated services from conventional mobile banking solutions.
"At Family Bank, we are actively moving to change the local banking conventions as we know them by introducing such a groundbreaking banking solution as PesaMob," said Munyiri.
"Besides boosting the national financial inclusion goals, PesaMob gives you the freedom to access loans, transact and save your cash without ever having to visit a physical banking hall," he added.
Munyiri stated that the virtual banking service will provide a full suite of banking services for customers to also get their salaries processed and pay County fees such as licenses, rates and rents.
He pointed out that mobile phone access has doubled from 28% in 2009 to 62% in 2013, thus justifying the need for a fully-fledged virtual bank.
Munyiri explained that potential account holders only need to Dial *325# from their mobile phones and follow simple prompts to activate their secure personal virtual bank accounts.
Njuguna Ndung'u, the Central Bank of Kenya (CBK) Governor, said the launch of PesaMob is geared towards the realization of Vision 2030.
CBK Governor, Njuguna Ndung'u delivers his speech during the Family Bank's PesaMob launch in Nairobi. Photo: Samuel Kisika, News24 user.
He added that the product will facilitate faster access to services such as mobile money transfer, airtime purchase, bill payments, balance inquiry and provision of mini-statements.
Disclaimer: All articles and letters published on MyNews24 have been independently written by members of News24's community. The views of users published on News24 are therefore their own and do not necessarily represent the views of News24. News24 editors also reserve the right to edit or delete any and all comments received.