Equity Bank Rwanda has launched a new digital platform called “EazzyFX” for the settlement of foreign exchange transactions, we learned Thursday, June 3 from the local Rwandan press. “Online forex trading”, will allow customers convert currencies without having to go physically to the Bank’s premises or to the stockbrokers.
This initiative is part of the bank’s new digitization strategy but also of the diversification of sources of income.
“In today’s world, digital banking solutions like EazzyFX have proven to be the solutions our customers are looking for to help their businesses become more competitive by reducing time and distance,” said Hannington Namara, Managing Director of Equity Bank Rwanda. The official added that the platform will also replace the status of exchange rates in Equity Bank, allowing customers to access automated rates through their cell phones or computers.
A subsidiary of the Kenyan banking group Equity Group Holding, Equity Bank Rwanda has 14 branches with a network of 21 ATMs.