Kenya’s Equity Bank has indicated that it is at an advanced stage of introducing Chinese financial services WeChat Pay and Alipay in the country.
Kenyan-based regional financial institution Equity Bank plans to boost presence of WeChat Pay and Alipay in Africa, a banker said on Monday.
Speaking to Xinua News Agency, the Managing Director of Finserve Africa, Jack Ngaresaid that they are continuing to make the Chinese financial services technologies available in four East African countries – Kenya, Uganda, Tanzania, and Rwanda.
Finserve Africa is a wholly owned subsidiary of Equity Bank.
According to Ngare, Finserve Africa is at advanced stages of rolling out WeChat Pay and Alipay to merchants in the Democratic Republic of Congo (DRC) by the end of the year and thereafter to additional Africa markets.
Equity Bank has branches in Kenya, Uganda, Tanzania, Rwanda, South Sudan, and DRC.
Ngare said that its payment gateway service will allow merchants in east and central Africa to accept payments from users of WeChat and Alipay.