Chase Bank’s Mobile2Bank Service First of its Kind in Kenya

Mobile 2 bank is Chase Bank’s new business toolkit that allows your business to receive monies, make payments, manage agency float and getting credit facilities instantly from your business bank account using your mobile phone.

Mobile 2 bank is an all-round financial business toolkit that come with a number of features that have been designed specifically to cater for the needs of a business person or company.

The features that come along with the Mobile 2 Bank product include businesses being in a position to collecting money directly from their bank accounts.  This can be done at any given time and anywhere without necessarily visiting the banking hall. One is in a position to receive the money via mobile money collection Pay bills or Tills, in addition to other mediums of cash collection that are available.

Another feature is a business being able to make their payments to another business directly from their bank accounts. The payments include:

• Another business Lipa na Mpesa Pay bill
• Another business Lipa na Mpesa Pay Goods Till
• To a business account number at any other bank for at most half the current price it costs via Real Time Gross Settlements (RTGs) today

Buying Agency Floats is also another feature of Mobile 2 Bank service where any business with an appointed mobile money agent will be able to purchase floats directly from their Chase bank accounts.

Any business that pays and collects through Mobile 2 Bank service is in a position to apply for an instant unsecured Biashara Loan facility from Chase Bank. This is another feature that customers are meant to enjoy with THE Mobile 2 Bank platform.

Mobile 2 Bank is meant to benefit any individual SME or any business that is of sole proprietorship nature. Limited companies, partnerships and joint account businesses are able to be on-boarded in the second release of the product.

Any business interested to subscribe to the product is required to open a Chase Bank Business account so as to be in a position of accessing the different available services. They are also required to register and be active on Mfukoni Mobile. All the registrations can be done online.

Article by Vera Shawiza.