Kenya-based Equity Bank has introduced a MasterCard branded prepaid card for Maseno University students.
The new offering will assist students to receive their Higher Education Loans Board (HELB) loans, while minimising cash handling risks and accept e-payment platforms during transactions.
Additionally, the lender has leveraged on technology to offer enhanced cash management services, payment security and increased accountability.
Equity Bank senior manager for payments Priscilla Owuor said: “As a bank, we partnered with universities to provide a prepaid campus card that is secure, reliable and convenient to use on any university’s e-payment platform.
“Students will minimize the risk of handling hard cash, easily track their expenses and fulfil a greater need for budgeting and financial planning.”