Commercial Bank of Africa (CBA) have updated their Loop digital banking service to now include loans, free payments and lowered charges for various services. Loop was launched in March 2017.
The changes include:
Loop customers will now access loans of up to Ksh. 3 million and an overdraft of upto Ksh. 100,000.
2. Direct payments
Customers will be able to make direct payments from the app to PayBill or Till numbers through M-Pesa, EassyPay and Masterpass.
3. Transaction fees
Additionally customers will be able to enjoy lowered transaction fees and in some cases, no charges.