Equity Bank launches EMMA digital wallet via fintech arm Finserve

Kenya's Equity Bank has launched EMMA, a digital wallet built by its fintech subsidiary Finserve Africa. Available via Android app, USSD and the Equitel SIM toolkit, it supports transfers to M-PESA and Airtel Money, instant loans and bill payments with no minimum balance.

• EMMA runs on Android, USSD and the Equitel SIM toolkit
• Transfers work with M-PESA, Airtel Money and bank accounts
• Sign-up takes minutes with just an ID or passport
• The wallet operates under Finserve, not Equity's banking licence