Zain and Housing Finance announce Strategic Partnership.
In the news this week, Zain and Housing Finance have announced a strategic partnership based on the Zain’s Zap mobile money service. The partnership will enable Zain Zap users to deposit and withdraw mobile money at any of Housing Finance’s 10 branches in Kenya. At the same time, Housing Finance will also provide agency banking services with Zap. This service is quite similar to a recent partnership that was also announced by Equity Bank and Safaricom that would enable Safaricom’s M-Pesa mobile money users to withdraw money from Equity Bank’s automated teller machines (ATM’s).