Equity Bank Partners with Mastercard to Launch Pan-African Business Card

Equity Group has teamed up with Mastercard to launch the Equity Business Card, a multi-currency corporate card for SMEs operating across Africa. Launched in May 2024, the card enables seamless payments, expense tracking, and access to working capital in Kenya, Uganda, Tanzania, Rwanda, DRC, and Zambia. Features include real-time FX rates, fraud alerts, and reward points redeemable for cloud services. Over 10,000 businesses enrolled in the first month. CEO James Mwangi said the product supports intra-African trade under AfCFTA. Mastercard will provide cybersecurity and loyalty infrastructure. The move strengthens Equity’s ambition to be Africa’s most connected bank.