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NCBA plans new M-Shwari company from banking unit
From left: M-Pesa Africa CEO Sitoyo Lopokoiyit, former Safaricom chairman Michael Joseph and NCBA boss John Gachora during a press briefing on September 28, 2022. PHOTO | DIANA NGILA | NMG
NCBA Group will spin out its financial technology (fintech) business which includes M-Shwari into a standalone company in the race to create more personalised and feature-rich digital banking services for its customers.
NCBA Group CEO John Gachora has said the bank is in the process of forming a separate fintech company to host its digital loan platforms in Kenya and others in five countries where the bank operates.
