Kigali,1stJune 2021… Equity Bank Rwanda has today launched EazzyFX, an electronic channel for settling forex transactions and the first of its kind in the Rwandan financial sector. The new platform will give customers the freedom to execute forex requirements in real time in a safe and secure manner from the comfort of their offices or homes without having to visit the branch to initiate forex transactions.


The EazzyFX platform which is powered by Thomson Reuters’s Refinitiv, will allow SMEs and corporates to transact in real time, request for quotes for any forex trade amount, deal on streaming rates, enjoy access to a full trade workflow as well as place multiple trade orders, enabling them to have the freedom and control over their trading.


Speaking during the launch, Equity Bank Rwanda Managing Director Hannington Namara, said, “In today’s world, digital banking solutions such as EazzyFX have proven to be the solutions that our customers are seeking to facilitate their businesses become more competitive as they compress time and distance. Businesses, institutions, organizations, and individuals can now leverage on EazzyFX to drive efficiency and the growth of their businesses. We are excited to be the first bank in Rwanda to launch an electronic channel for settling forex transactions that will allow us to offer one more convenient channel of access to our customers.”


Rwanda, which is quickly becoming a business and tourist hub, will enjoy an alternative way to access forex currency options and execute forex requirements more efficiently and transparently since real-time prices are displayed on the platform.


Commenting on the launch of the platform in Rwanda, Equity Bank Rwanda Head of Treasury Fernand Kamanzi  said, “Once signed up, customers will enjoy the best deals and competitive market pricing, real time streaming of rates across various currency pairs, placing buy and sell orders, getting a history of all forex transactions, viewing settlement accounts set up for forex conversion and so much more. As Equity, we also commit to continue offering support to customers through our teams of dedicated and qualified Relationship Managers who will champion the signing up and usage of the platform.” 


In 2020, Equity Rwanda unveiled its new look with renewed commitment to enhance growth and financial inclusion through seamless customer experience. The EazzyFX platform, which is seamlessly integrated, is one of the solutions that will position Equity as a leading bank in Rwanda offering digital banking solutions through accessible and convenient solutions.


About Equity Bank Rwanda PLC


Equity Bank Rwanda began its operations in 2011 and is registered as a commercial bank by the National Bank of Rwanda. The Bank has its Head Office located in Kigali, with a footprint of 14 branches and is supported by 2800 agents, 1220 merchants and a network of 21 ATMs.


Equity Bank Rwanda is a subsidiary of Equity Group Holdings Plc, a financial services company listed at the Nairobi Securities Exchange, Uganda Securities Exchange, and Rwanda Stock Exchange. In addition to Equity Bank Rwanda, the Group has banking subsidiaries in, Kenya, South Sudan, Uganda, Tanzania, DRC, and a Commercial Representative Office in Ethiopia; with additional non-banking subsidiaries engaged in the provision of investment banking, custodial, insurance agency, philanthropy, consulting, and infrastructure services.


Equity Group has an asset base of over USD 10 billion. With over 14.3 million customers, the Group is one of the biggest banks by customer base in the region. The Group has a footprint of 336 branches, 53,151 Agents and 34,862 Merchants and 725 ATMs. The Group is the largest bank in market capitalization in East and Central Africa. The Banker Top 1000 World Banks 2020 ranked Equity Bank 754 overall in its global ranking, 62nd in soundness (Capital Assets to Assets ratio), 55th in terms of Profits on Capital and 20th on Return on Assets. In the same year, Moody’s gave the Bank a global rating of B2 with a negative outlook same as the sovereign rating of the Kenyan government due to the Bank’s strong brand recognition, solid liquidity buffers and resilient funding profile, established domestic franchise and extensive adoption of digital and alternative distribution channels. Equity Group Holdings Plc is regulated by the Central Bank of Kenya.


For additional information, visit www.equitygroupholdings.com/ Rwanda: www.equitygroupholdings.com/rw


 

Related stories

Equity Group Secures Its Shareholders Nod for a Kshs 20billion Pan African Expansion Bid

The shareholders of Equity Group Holdings (formerly Equity Bank Limited), have approved a raft of...

View More
Equity Group Now Listed on the Rwandan Bourse

The regional integrated financial services firm, with banking interests in Rwanda, Uganda, South...

View More
Equity Bank Announces Instant Issuing of Autobranch Visa Cards in Rwanda

Equity Bank Rwanda has kicked off a corporate initiative to instantly issue Automated Teller Machine...

View More
Equity Bank Unveils Mvno Strategy and Rollout Plan

Equity Bank today unveiled its Mobile Virtual Network Operator (MVNO) strategy and rollout plan that...

View More
Regional Expansion and Diversification Strategy Pays Off as Equity Bank Posts a 21% Growth

Emerging from a depressed operating economic environment as well as challenges posed by the recent...

View More
Equity Bank Group’s Investment in Ict and Focus on Sme Boosts Profits by 11% in the 2013

Equity Bank Group’s investments in IT, growth in the number of customers and branch upgrades to...

View More
Equity Bank Upgrades Core Banking System

Equity Bank Group together with Infosys Technology, IBM, Oracle and Open Way Group today unveiled...

View More
Equity Bank Group Strengthens Its Fundamentals While Expenses Of ICT, Innovation And Product Rollout

Equity Bank Group’s focus on enhancing affordability, accessibility and convenience has seen its...

View More
Equity Bank’s Focus on Innovation Boosts First Half Year 2013 Profit

Regional banking group, Equity Bank's reduction of interest rates by 700 bps from 25% to 18% has...

View More
Equity Bank Profit Before Tax Up 21 Percent in First Quarter 2013

The Group posted a profit before tax of Kshs 4.52 billion up from Kshs 3.73 billion posted during a...

View More
Equity Bank’s Strategy Increases Profits by 36 Percent

The Group’s total assets posted a 24% growth during the year to close at Ksh 243 billion up from...

View More
MasterCard and Equity Bank Announce Partnership to Introduce PayPass™ Enabled Cards

Partnership to increase financial inclusion and boost EMV migration efforts in the region.

View More
Equity Group Foundation Appoints Dr. Helen Gichohi as Managing Director

Dr. James Mwangi, Equity Bank Group CEO and Chairman of Equity Group Foundation has announced the...

View More
Dr. James Mwangi Wins ‘forbes Africa Person of the Year Award 2012’

The ceremony was organised by the eventing arm of the ABN Group - ABN Productions.

View More
Equity Bank Group Partners With China Union Pay

Equity Bank Group has today launched a partnership with China Union Pay, which will allow UnionPay...

View More
Equity Bank Group Pre-tax Profit Up by 30%

Equity Bank Group continued to defy macro-economic turbulence to maintain steady growth and posted a...

View More
Equity Bank Ceo Awarded Business Leader of the Year

The prestigious award presented by CNBC Africa in South Africa for the second year running is a...

View More
Appointments at Equity Bank Group

Dr James Mwangi today at Equity Centre announced two key appointments in the Equity Bank Group’s...

View More
Equity Bank Ceo Gets Two Appointments

Dr Mwangi will serve as a council member of the G8 New Alliance for Food Security and a member of...

View More
Equity Bank CEO joins Global Alliance for Food Security and Nutrition

Membership in the Leadership Council is by agreement and invitation of the Co-Chairs and Council...

View More
21 Equity Bank Scholars Receive Scholarships to Study in World Leading Universities in 2012

21 scholars in the Equity Bank university sponsorship program have so far received scholarships in...

View More
Equity Bank Profit Before Tax Grows by 29%

Regional banking group, Equity Bank continued to maintain its growth momentum with the profit before...

View More
James Mwangi: Africa's Inclusive Finance Guru Is World's Best Entrepreneur

Africa's Inclusive Finance Guru Is World's Best Entrepreneur

View More
Equity Bank CEO wins 2012 Ernst & Young World Entrepreneur of the Year 2012

Dr. James Mwangi, CEO and Managing Director of Equity Bank is the 2012 Ernst & Young World...

View More
Equity Bank Ceo Receives 2012 World Entrepreneur of the Year Nomination

After winning the 2011 East Africa Master Entrepreneur of the Year by Ernst & Young, Equity Bank...

View More
Equity Bank Awarded Best Managed Company in Africa Banking & Finance Sector

Equity Bank has been awarded Best Managed Company in Africa;

View More
Equity Bank Named Best Bank in Kenya

Equity Bank has been named the Best Bank in Kenya this year as the CEO Dr James Mwangi received the...

View More
BBC News - Kenyan Hopes to Open Up Banking to the Poor

"People are driven by emotions and it's all about the enthusiasm of liberating our people" Said Dr....

Watch Video
Equity Bank Rwanda PLC family contributes about 22,225 Testing Kits worth RWF 1Billion to the Government of Rwanda in Support of National Efforts of combating COVID-19

Equity Bank Rwanda made a contribution of 22,225 testing kits at a cost of FRW 1Billion to the...

View More
Equity Rwanda unveils new look with renewed commitment to enhance growth and financial inclusion through seamless customer experience

Brand refresh is geared towards positioning the brand to empower individuals, businesses and the...

View More
Equity Bank Rwanda Scoops Top Honours at The Banker’s Bank of the Year Awards 2020

The Bank emerged top in class for clearly exhibiting a strong fiscal performance in the financial...

View More
Equity Bolsters its Support to Small and Medium Sized Enterprises in Kenya, Uganda, Rwanda & DRC with USD 75 Million (Kshs 8.25 Billion) Women Guarantee Fund with African Guarantee Fund (AGF)

The African Guarantee Fund (AGF) and Equity Group Holdings Plc have signed an agreement which will...

View More
Equity Group Holdings Plans Trans-Africa Expansion with USD $100 Million (Ksh 11 Billion) Loan from the African Development Bank (AfDB)

Equity Group Holdings (EGH) has signed a USD $100 million loan (Ksh 11 Billion) facility to support...

View More
Equity Bank Rwanda launches new Agri-lending Products, targeting thousands of smallholder farmers and agribusinesses.

Equity Bank Rwanda is pleased to announce the launch of new loan products for the agriculture sector...

View More
EQUITY BANK RWANDA LAUNCHES NEW BRANCH IN KIMIRONKO

The new branch will serve as an advisory centre for retail consumers, SMEs and corporates as well as...

View More
Equity Bank Rwanda Plc Appoints Col (Rtd). Eugene Haguma as the New Board Chair

Col (Rtd). Haguma brings on board a wealth of leadership experience, having previously served in...

View More
Equity receives double International Standards Certification on IT Service and Information Security Management Systems

Equity Bank Kenya Limited has received two International Standards Certifications - ISO 20000 and...

View More
Equity Bank Rwanda launches convenient mobile Payment solution dubbed Pay with Equity, Fasta Fasta

The innovative solution allows customers to make seamless mobile payment and transfer services for...

View More
Equity Bank Rwanda extends its social impact contribution by launching its signature education and leadership development program, the Equity Leaders Program (ELP)

Equity Bank Rwanda Plc will champion socio-economic prosperity with several social impact programs...

View More
Service finder
Equity Bank is Regulated by Central Bank