Equity wins mobile money transfer case

Equity Bank Group CEO James Mwangi at a past conference. The Bank’s South Sudan employees have gone on a nationwide strike demanding better pay. FILE PHOTO | DIANA NGILA | NATION MEDIA GROUP

What you need to know:

  • Lady Justice Mumbi Ngugi ruled that there was no evidence to prove the licence granted to the bank to operate the service was obtained irregular, and that its operation did not violate consumers’ rights.
  • Cofek argued that the Communication Authority of Kenya (CA) did not follow the right procedure in issuing the MVNO licences to Finserve Africa Limited and two other firms, Zioncell Kenya Limited and Mobile Pay Limited.

Equity Bank’s mobile money transfer services got a boost after the High Court dismissed a case challenging its operations.

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