NIC Now Mobile Banking App - NIC Bank

NIC Bank

To be in the right pace with ever growing banking and finance technology, NIC bank kenya decided to welcome mobile banking app dubbed 'NIC NOW'.The app makes it possible for customers feel to be inside the bank while they are away.Almost all transactions can be performed within the NIC Now banking app.You can check your balance enquiries, generate mini statements,conduct real time transfer to any bank in Kenya, pay your utility bills and so much more transactions.


In general NIC mobile banking services can be accessed through two platforms.These are; USSD code and Mobile App.

1.NIC Mobile Banking – USSD code
You will be required to complete an application form in order to be set up on the service. This service is available to both Safaricom and Airtel Subscribers. To activate mobile banking dial *488# and enter your PIN. With NIC mobile banking you can:
Send airtime to your phone or to Safaricom or Airtel Subscriber.
Transfer of funds from your NIC Bank Account to any MPESA subscriber.
Fund your NIC Bank account via MPESA using PayBill 488488.
Pay your DSTV, GOTV and KPLC prepaid Token Top up directly from your mobile phone.
Conduct fund transfers .
Stop cheques.
Make requests for cheque books, statement requests and forex rates.

2 . NIC NOW Mobile Application.
Available on Google play store. With the NIC NOW mobile application you can:
Carry out balance enquiries and generate mini statements with easy.
Transfer money internally to other NIC accounts.
Conduct local transfers (EFTs) to banks in Kenya.
Conduct real time transfers to any bank in Kenya.
Carry out mobile money transfers MPESA and Airtel Money transfers (through your KES account).
Request for your cheque book or stop cheques.
Carry out airtime top ups to your phone or any number of your choice( This is limited to KES accounts.)
Pay your utility bills for KPLC, Nairobi Water, Airtel and Orange. This is limited to KES accounts.
Place, list and delete standing orders.

The mobile banking services are available to registered members. Both existing and new customers can use this banking app.NIC Now.

B Mobile Is Here -BOA

b mobile

B mobile is the Bank of Africa's (BOA) mobile banking application. Since almost every bank is embracing new innovations in the banking and finance sector, BOA never wished to be left out. Customers are now eligible to start using B mobile app to do various transactions at the comfort of anywhere in kenya by simply using their mobile handsets.


what customers need to know

HOW TO GET ON B-MOBILE
For existing BOA Account holders, download B-MOBILE from BOA KENYA from your App store or dial *987#.You can also access the App from Google play store.

How do I log in?
Your USERNAME is your cell phone number – 2547xxxxxxxx.Your M-PIN is the Pin that you have been using on B-Mobile.

Self-Registration.
Do you have an account with Bank of Africa Kenya but have never signed up for mobile banking? Now you can use the following easy steps;
1. Click on Register and fill in the details required.
2. An SMS will be sent to you with details of your USERNAME and one- time PIN, you can then.Login and once you enter your one-time PIN you will be prompted to change it to a PIN that is familiar to you. Always keep your PIN secret and never share it with anyone.

WHAT CAN I DO?

a) Account services
You can now check your balances in the account.Get a full and mini statement.You can also check our forex rates.

b) Airtime Top Up
Purchase airtime directly from your BOA account to top up your Safaricom number .Top up any Safaricom number by purchasing directly from your BOA account.

c) Cardless Withdrawal
Forgot your ATM card at home but need money? No problem!! Using B- Mobile cardless withdrawal feature, you can get a one-time PIN that allows you to get cash from any BOA ATM.

d) Cheque and ATM Services
Get to stop your Cheque by selecting the Cheque number, the reason and the account number.Get to request for aCheque book by selecting the account from which you require a Cheque book.

e) Funds Transfer
Get to transfer funds to your own account by selecting the source account to the account desired.You can send money to other BOA account byselecting the beneficiary and a source account.Nominate your beneficiary accounts under the My Profile section.

f) Mobile Money
You can send money from the bank account to M-pesa by selecting the account number and the amount you wish to transfer.You can transfer money from Mpesa to your bank account. Our pay bill number is 972900.

g) Bill Payment
Get to pay your DSTV, ZUKU, JTL and GOTV for their services.Enter the business number and the source account and confirm the M-pin.

h) My Profile
Under this section,you can nominate beneficiary accounts that you would like to send money to.You can also update your information for our records. You also get to refer your friends to Bank of Africa.

i) Locator
Under this section, you can find your nearest boa branch and their opening hours as well as how to find your nearest BOA ATM machine.In addition, customers can also subscribe for SMS alerts.

This application is available to both existing and new customers. It's b mobile.

K-repbank Becomes Sidian Bank

krep bank

The Managing Director, K-repbank, Titus Karanja announced yesterday during a briefing with its investors that its going to be renamed as Sidian Bank starting from April this year. The bank which presented bad results down to 28% loss to its investors said its rebranding the bank to upgrade to a tier 2 lender from tier 4.


Following acquisition of more than 50 percent of its share stake by Centum Investments,there are going to be experienced a lot of changes which will affect its customers positively. There will be introduction of tech innovations in internet banking and mobile banking.There will be less in physical branch expansion though.

Talking about the 28 percent loss,the lender's managing director attributed this to increased non-performing loans and upgrading costs. IT installation and integration only consumed over ksh150 million.Never to scare away investors, the lender seemed not shaken by the loss at all but talked of success in the coming years.

K-repbank is now Sidian Bank come April.

High Tech Bank Branch Launched At The Garden City,Nairobi-DTB

Diamond Trust Bank launched, last week, one of its kind, high tech digital bank branch at the Garden City in Nairobi.Being it's 55th bank branch in Kenya, the Gardencity branch comprises of less staff to talk to but more gadgets to communicate with.The sole aim was to enhance efficiency and hasten banking processes as one thing longed for before by the digitalised generation in kenya, especially in Nairobi.

DTB employees testing the gadgets

What's in the bank
The whole bank branch comprises of high tech gadgets. Quote from DTB;
"Our new digital # DTBGardenCityBr anch makes use of the latest technology throughout the banking process in order to provide the most efficient and rewarding customer experience. The branch has a range of digital tools – touch-tables, tablets and interactive screens available in the waiting lounge and lobby to welcome customers and facilitate engagement with the bank’s products and services."
Start thinking about self-service activities while inside a bank.It's focus is mostly on internet banking. Customers stand in front of fixed tablets, perform their transactions and leave.
There's a digital ATM lobby ;
"Our digital lobby at # DTBGardencitybranch will allow customers to perform bulk cash deposits with instant credit to account, cheque deposits, online banking and normal ATM withdrawals and deposits without human interaction."
Welcome to #DTBGardencityBranch.

DTB Garden city ATM lobby

Understanding Your Credit Report- Creditinfo

credit info

As 'Loans Kenya' we are happy to share the exact description about a credit report from Creditinfo,one of the licensed CRBs in kenya.Remember, Creditinfo is the most active bureau as per the customer reviews on Facebook
.

Creditinfomation weekly
Understanding your Credit Report:
"Your Credit Report is ultimately created by YOU. When you apply for a credit facility your jorney begins with a Credit Reference Bureau. Even at application stage of the loan in most cases your credit profile is created at the CRB, leaving a foot print of the credit enquiry done on your National ID. Once the loan is granted the loan information and your details are loaded onto the CRB. This is called positive data sharing. Each time you pay your facility the financial institution will send the payment history of the facility each month to us. This creates an overview look of how you pay your accounts. If you miss a payment at any time this is also recorded and sent to us. If the account goes over 90 days in arrears the financial institution can then mark that account as non-performing (known in Kenya as listing). Your bureau score will start calculating and start showing a good or bad score depending on how well you pay your accounts and a few other general aspects of your credit history. Your credit report contains all your personal information and any contact and address information, even from 5 years back. Remember you can get a free credit report once every 12 months to check your status, I sugest you do, so you don't get a surprise when applying for credit. If you feel that information is incorrect, dispute it immediatly with the CRB so that they can speak to the financial institution for you."

Thinking about getting a credit report,must read Obtain a credit report in kenya

Obtaining Clearance Certificate From CRBs In Kenya.

Credit Reference Bureau(CRB) is a company licensed to collect, manage and disseminate customer credit information.CRB collects the customer credit information from all lenders including commercial banks, deposit taking microfinances and most recently Saccos.CRB will then manage the collected information by regularly updating customers' credit scores per their transactions with the various financial institutions. When a lender wants to know a borrower's credit status, CRB will disseminate the report to help in lender's decision making towards the borrower.Now you understand.

In kenya, the Central Bank of Kenya (CBK) licensed three Credit Reference Bureaus to collect, manage and disseminate Kenyans credit information.These include;metropol,Creditinfo and Credit Reference Bureau Africa[CRB Africa] also known as Transunion Africa.
.According to the law, each customer is entitled to one free credit report a year after registration with one of the three CRBs licensed in kenya.

Register with CRB
If you wish to receive your annual credit information,one can register with one of the three CRBs.You can choose to register with all but you'll receive the same report still.
Metropol
You can register with metropol by visiting their website metropolcorporation.com or by dialling *433# on your mobile phone for Safaricom customers only.You'll pay a registration fee of ksh100.You'll receive a code in form of SMS.Use the code to access your report on their website.
Transunion
If you wish to get your credit information from transunion,please visit crbafrica.com or transunionafrica.com.Fill in the forms and send them back.That's all.
Creditinfo
You can still register with creditinfo to get your credit information yearly.Simply visit creditinfo.co.ke to register.You'll then receive your credit report on your email address.

Obtaining a Clearance certificate
Some jobs or some other circumstances may require a clearance certificate to prove your credit trustworthiness before handling instances beforehand. It's easy to obtain a clearance certificate though. All the three licensed CRBs required a processing fee of ksh2200.Because your are already a registered customer with one CRB, you can easily request for your clearance certificate from the crb website.The certificate can then be printed out after preparation.

Clearing your name
When your credit report is not good, you might need to clear your name with crb.You will have to ask for the lender who sent your bad reports to crb(the lender who you never paid after borrowing).This may attract a fee of ksh50. Sometimes you may be blacklisted wrongly! The next step will be visiting that lender concerned.Resolve the issues with the lender by either clearing the loan arrears or make them know you never borrowed from them.They'll then issue you with a clearance letter. Scan it and email it to the crb you registered with.That crb will communicate with the lender to confirm that clearance letter was valid after which your credit information will be updated positively.It will still take long(7years) to have your credit score high. If you can't resolve your issues with the lender you remain blacklisted for more than seven years.

Read also Loans to blacklisted Kenyans .

The law requires that a lender may alert a customer before blacklisting. Sometimes this doesn't happen though. Due to these inconveniences,there's a new body calledCredit Information Sharing [CIS]kenya which will look deep into these unfavourable situations in the lending circle.

Use a helb loan to start a blogging business while still in campus.

Are you in campus? Are you financing  your education through a helb loan?Government sponsored students in kenyan universities financed by the helb loan get an excess of ksh10000 per year after clearing their school fees.What are you doing with this money?Let nobody lie to you.Life is still waiting for you outside in the real world.
I know campus life is full of fun,but also consider doing something -a business.What kind of a business can I do? Relax! I know you don't have much time to go out looking for stock or customers that's why I choose for you a 'blogging business' because you enjoy as you do it and its the customers that will be looking for you.

HOW TO USE HELB LOAN TO START A BLOGGING BUSINESS?
-Blogging will need access to the internet. I don't advise students to use school computers for blogging because most don't allow it.This means you need to have your own blogging equipments and its simple a smart phone(going for ksh7000) as laptops and Ipads are too expensive.
-You can then save ksh 3500 both from the first and second disbursements in your first year.Now you can buy your smart phone because that's all you needed. Remember to use the helb loan surplass in the other years of your study to take care of any outstanding fee balances.
HO TO START THE BLOGGING BUSINESS?
- Blogging is simple publishing up to date content into the internet where people can access it.Content can be in the form of texts,photos,graphics, videos or any other media files.A photo blogger will be publishing photos while a fashion blogger will use texts and other media files for example photos &videos.
-Blogging for business will mean publishing high quality content for the purpose of gaining something (money).
-Now, there are both self hosted and freely hosted blogs.I will talk about free hosting blogs because self hosted blogs requires one to pay.There are many free blogging platforms like wordpress,weebly&tumblr but I prefer 'Blogger.com' because its simple and it's directly connected to Google Adsense which you'll need to monetlse your content later and that's the purpose of this post today.
HOW TO USE BLOGGER.
(Always ask for help for anything techy from friends or experts)
-Remember you bought a smart phone.It's time to use it now.
-Use your phone browser and go to blogger.com
-From blogger,create an account. This will be your Google account.Finally, you'll be redirected to blogger.com where you can create your first blog now.
-Choosing a blogging topic can be tricky but must be something you can never run dry of thoughts and its loved by many people.It can be about sports,news,fashion,entertaiment,education,business or even health&fitness.
-While still in blogger.com, write your preferred blog title and address.
-Download the blogger app and install it on your phone. Finally use this app to easily write and publish your first post.
HOW TO START EARNING.
-If you fear taking risks you fear doing business.Just like any other business,here there is no guarantee that you'll earn money each and every month end.
-With a good number of total monthly page views that is after blogging for more than three months,you can then proceed to apply for a Google Adsense Account by clicking on the 'earnings' tab from your blogger dashboard.
-If your application gets approved, you'll start showing google ads on your blog.You'll then be paid whenever blog visitors click on the ads.
-Finally you'll be earning while learning.I believe its the best thing ever that will happen to any student.
Remember, the blog will be with you even after campus.You can even upgrade now and use a custom domain.
Think bout it?