There have been worries lodged by competing telcos about the safety risks associated with Equity Bank’s Equitel MVNO initiative, but this is set to change after the firm’s acquisition of a new authentication and mobile security solutions software.
Equity Group has purcahsed Entersekt‘s Transakt and Interakt technology for multi-factor authentication and encryption of its platforms as it expands to more countries across Africa.
Ronald Webb, Director of Payments, Equity Bank, said in a statement,”The deployment of Entersekt extends Equity’s robust mobile strategy and, along with our Equitel MVNO initiative, will provide our customers with Africa’s most secure payments products and services. We are committed to extending Financial Inclusion and providing affordable, relevant and secure services.”
Equity Group Holdings Managing Director Dr James Mwangi said the association with Entersekt will afford it “a rare opportunity to deliver banking services on multiple digital platforms to deepen financial inclusion in Africa.”