Equity Bank and Mastercard Roll Out Pan-African SME Business Card

Equity Group and Mastercard have launched the Equity Business Card, a multi-currency corporate card for SMEs operating across six African markets: Kenya, Uganda, Tanzania, Rwanda, DRC, and Zambia. Launched in May 2024, the card enables seamless cross-border payments, real-time expense tracking, and access to working capital. Features include dynamic FX rates, fraud monitoring, and rewards redeemable for cloud services. Over 10,000 businesses enrolled in the first month. CEO James Mwangi said the product accelerates intra-African trade under AfCFTA. Mastercard provides cybersecurity and loyalty infrastructure, reinforcing Equity’s vision as Africa’s most connected bank.