Mfukoni, which works on all internet-enabled smartphones as well as USSD through *275#, enables customers to login in and access their accounts and perform banking transactions stress-free. The mobile platform will also be accessible to non-Chase customers seeking information about the bank's offering, enabling them to apply and start enjoying services offered.
Speaking during the launch of the service,
He underlined that this trend of continued reliance on mobile devices to execute monetary transactions is gaining momentum and reflects the right direction and preparation for the future of banking in
The mobile platform is available for download from App stores - including IOS, Blackberry OS and Android - ones as well as USSD. Customers using phones that are not data -enabled can access the service by dialing *275#, upon which they will follow simple steps to access and enjoy the bank's services.
Njaga noted that in today's business environment, mobile phones are a potential channel for promoting financial inclusion, given their extensive penetration to the unbanked and feasibility of interconnecting data securely and economically.
According to Central Bank of Kenya recent
The CCK's quarter four report indicate that the level of mobile telephony penetration has increased by 2 percent to 30.5 million with an increase in mobile money transfer subscriptions from 23.2 million in the last quarter to 24.8 which translates to a 6.8 percent growth.
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