In line with its strategy to drive innovations through e-payments, and in support of the Government of Kenya’s drive on cashless payments in order to mitigate the transmission of coronavirus, Equity Bank has inked a deal with Pete’s Café outlets located in Nairobi.
The bank’s customers will benefit from the offer that is currently running for take away meals and home deliveries as per the set guidelines. The offer ends in June. Customers will place their meal orders with any Equity Card and get free delivery via Glovo. Alternatively, they will walk into Pete’s Café outlets and pay for take away orders with any Equity card, enjoying a 10% discount.
The bank’s business model continues to evolve from a fixed to a viable cost one, leveraging on variable cost third party infrastructure such as merchant banking. Equity has been successful in this through universal point of sale that converges the mobile wallets, cards and digital payments. In 2019, the lender recorded a 13% growth in commissions through its wide network of merchants.