In September, the Communications Authority of Kenya (CA) made a decision that could transform the country’s mobile money industry forever. The CA gave Equity Bank, Kenya’s second largest bank by assets, permission to roll out Thin Sim, a new sim-card mobile banking product with Indian telecoms company Bharti Airtel. Equity’s subsidiary Finserve is trialling the product on a one-year pilot to make sure it is secure.
Thin Sim is an ultra-thin sim card that mobile phone owners will be able to put on top of their existing sim-card.
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