Maisha Microfinance Bank voted best bank in product innovation

The Maisha Microfinance Bank has scooped the coveted Best Microfinance Bank in product innovation during the prestigious Think Business Banking Awards gala held at Mövenpick Hotel in Nairobi.

The win comes in the wake of being named the fastest growing microfinance Bank (Second Runner-Up) in 2018 Think Business Banking Awards.

“In today’s fast-paced business world, we have seen technology and innovation transform banking, however, the race will not be won by merely having the channel, but by differentiating it with unique efficiency,” said the CEO Ireneus Gichana upon receiving the award.

Ireneus Gichana (2nd left) Michael Muriithi, Business Development (left) and Elizabeth Mungai, Head of Internal Audit receive award from Sam Omukoko, MD, Metropol Corporation Photo: G. Matumbai
Source: Original

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Banking has progressed from over the counter transactions, to brick and mortar branch expansions to the introduction of ATM machines and debit cards.

The advent of Internet Banking and now mobile banking has significantly raised the bar.

Today, almost every bank has a mobile banking app that promises convenience at the touch of a button.

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“We have strived to be at the forefront of this digital revolution through designing innovative products that meet our customers’ needs,” explained Gichana.

Among the bank’s virtual products recognised at event include M-Doh, Maisha’s mobile banking platform, and M-Fanisi, a ground-breaking mobile-based bank account available to Airtel Money registered customers across the country.

According to Gichana, Maisha Microfinance Bank’s vision is to empower enterprises and communities for life by providing financial solutions that meet customer needs.

Story by Gregory Matumbai, TUKO Correspondent.

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