StanChart says its mobile loans platform now ready for roll-out

Stanchart

Stanchart CEO Kariuki Ngari addressing shareholders on March 14, 2023.

Photo credit: Wilfred Nyangaresi | Nation Media Group

Standard Chartered Bank Kenya expects to roll out its mobile lending service by the end of this month, joining other lenders in the race for the growing digital credit market.

The financier said last week it has now ironed out data privacy concerns that had delayed the rollout of the loan platform, which was first announced in mid-2021, and has already received Central Bank of Kenya (CBK) approval.

PAYE Tax Calculator

Note: The results are not exact but very close to the actual.