Equity Bank to roll out American Express cards in Rwanda

Oct 21, 2014

Equity Bank - with nine million customers in Rwanda - announced on Thursday (October 16th) that it plans to introduce American Express cards in the country.

Equity Bank - with nine million customers
in
Rwanda - announced on Thursday (October 16th) that it plans to introduce American Express cards in the country.

"By launching in Rwanda in the coming weeks, Equity Bank customers will be able to access other leading global payment systems that will help them carry out
banking and other business transactions from across the globe," Alfred N'gan'ga, the Equity Bank communications manager, told The New Times.

"This partnership is in line with our business strategy of becoming a one-stop international payment gateway," added James Mwangi, the bank's chief executive officer.

Rwanda's electronic payment systems have expanded in the past few years. Figures from the National Bank of Rwanda indicate that the number of credit cards increased by 32 per cent during the first half of the year.

The government has set a target of having 90 per cent of the population using electronic payments by 2020.