Tag Archives: Equity Bank promotions

Banks and Money

Equity bank’s Master Card Payment promotion- How to win huge prizes with the Equity Master Card Cash back Promotion

Equity bank is the largest bank in Kenya in terms of customers base. The bank has branches countrywide where customers can execute their financial transactions. The bank provides a Master Card which is a cashless payment method used for shopping. Instead of carrying huge sums of monies during shopping customers simply carry the MasterCard. The MasterCard processing costs a customer KES 720 only and can be obtained at any Equity branch countrywide.

THE MASTERCARD 100% CASH BACK PROMOTION

To enter this promotion, just use your Equity MasterCard debit Card, Mastercard Platinum, Mastercard World and Mastercard World Elite to pay for goods and services and you could win 100% cash back.

You can pay for goods and services in any outlet that displays the MasterCard or Equity Bank sign E.g. Supermarkets, shops, dukas, clothing stores, restaurants, hotels, bars, petrol stations, chemists, hospitals or online etc.

How to enter into the promotion

Your Equity Mastercard card automatically qualifies you into the promotion. The more you pay with your card the higher your chances of winning.

Offer runs from 28th May 2019 till 9th July 2019

Below are the terms and conditions;

PAY WITH YOUR EQUITY MASTERCARD DEBIT CARD AND WIN TERMS & CONDITIONS

The following terms and conditions apply to the pay with your Equity Mastercard debit card and win Campaign (the ‘Campaign’) organized by Equity Bank (Kenya) Limited (‘Equity’) in partnership with Mastercard which sets out the implementation of the Campaign. By participating in this Campaign, you will be deemed to have read, understood, and agreed to be bound by all the terms and conditions below.

  1. Campaign Period; This Campaign Competition will be run by Equity on Equity Bank Facebook page and Twitter handle, through SMS, Posters and ATMs for a period of 6 weeks and will start on 28th May and end on 9th July 2019.
  2. Offer; Use Your Equity Mastercard Debit Card for all your purchases and get up to 100% cashback. The 100% cashback amount or the Minimum qualification threshold, whichever is lower, will be credited into the selected winner’s operative account, not later than 2 months after the end of the campaign.
  3. Eligibility
    a. By paying with your Equity Mastercard debit card at a Point of Sale (POS) terminal or shopping online with your Equity Mastercard debit card you are deemed to have participated and to have accepted and agreed to be bound by these Terms and Conditions.
    b. The offer is valid for only selected Cardholders to whom the formal offer communication via email and/or SMS on their registered email ID and/or mobile number has been sent by Equity.
    c. Only the following cardholders qualify for the campaign; Equity MasterCard debit Card, Mastercard Platinum, Mastercard World and Mastercard World Elite
    d. The Competition will only be carried out in Kenya and is NOT open to Current or previous Directors and employees (or members of their immediate families) of Equity and of Equity Group Holdings Plc and its’ Subsidiaries and any other supplier or third party directly involved with the facilitation of this Campaign and their immediate families and dependents shall not be eligible to participate in this Campaign.
    e. Cash transactions (ATM & Agent), credits, service charges or adjustments do not qualify as purchase transactions and are therefore not eligible for entry into this Promotion.
    f. Incomplete / rejected / invalid / returned /disputed or unauthorized/fraudulent transactions will not be considered for the offer.
    g. The campaign is only open to Equity customers whose accounts are in good standing, without breach of Terms and conditions or agreements throughout the campaign
    period.

h. To participate in this contest:
 You must be 18 years and over
 Use any of the listed Equity MasterCard Card cards to pay at a POS terminal or shop for goods and services online (either domestically of globally).
i. The prerogative and discretion of choosing the winners rests with Equity Bank (Kenya) and in case of any dispute, the decision of Equity Bank (Kenya) Limited’s shall be final.
j. Equity Bank (Kenya) Limited reserves the right to disqualify the winners (and to select an alternative winner) if aware or has reasonable grounds to believe that a winner is not eligible or has breached any of these Terms & Conditions
k. ATM and Agent transactions do not qualify.
l. Refunded and void transactions will not qualify.

  1. How to Participate
    a. The card holders have been categorized into 2 broad categories based on their spend habits.
     Active customers- These are customers who in the last 12 months have been
    actively using their cards to pay.
     Dormant customers –These are customers who have used their card to make payments for less than 3 times or not used their card to pay in the last 12 months
     In each of the above category customers are segmented into 4 segments i.e.
     Segment A-Customers with Annual Spend from 0 up to KShs 50,000
     Segment B- Customers with Annual Spend from 50,000 up to KShs 100,000
     Segment C: Customers with Annual Spend from 100,000 up to KShs 150,000
     Segment D- Customers with Annual Spend more than KShs 150,000 above
    b. The cardholders who are classified as active customers will qualify for the Spend Stimulation Campaign while the Dormant cardholders qualify for the Dormant Stimulation Campaign
    c. A card holder will only be eligible to qualify in one category
    d. Each time a cardholder spends the minimum threshold for their segment (as outlined in the table below) they gain one entry into the draw. For example, A card user in segment A will only get 1 entry if he spends KShs 3000 -5999, 2 entries for KShs 6000-
    8999, 3 entries for 9000-11999, etc.

e) The more a customer spends the more entries they have into the draw
f) A customer can only win once during the campaign period

  1. Winners
    a. At the end of the campaign period, there will be 700 winners;
    b. Winners will be selected based on the number on entries. For example, there are 120 winners in Segment A. The top 120 card holders will be those with the Highest number of entries
    c. If the eligible card holders have similar entries. Those with the Highest spend on POs will qualify.
    d. However, if there is still a tie, the eligible cardholder with the highest number of entries, and highest spend and highest transaction count will supersede the rest, and be deemed part of the winners
  2. Prizes
    a. A cardholder will win up to 100 % cashback capped to the minimum qualification threshold for the segment the cardholder falls into. For example If you fall in category A, the 100% cash back will be capped at KShs 3,000 for spend stimulation campaign and capped at KShs. 2,500 for dormant activation campaign
    b. Money won will be credited into the customers Equity Bank account within 3 months from when winner is identified
    c. The prize money is not transferable
    d. Winners will be notified via SMS and a list of winners will be posted on Facebook and Twitter
  3. General Terms
    a. By entering the competition winners may be requested to take part in a Campaign activity and Equity (or its appointed agent) reserves the right to use the names and addresses of winners, their photographs and audio and/or visual
    recordings of them in any publicity.
    b. Equity cannot guarantee that the process of this campaign will be without errors or omissions and will not take any responsibility for any loss or damage that may arise thereof.
    c. Equity (or it’s appointed agent) reserves the right to alter, cancel, suspend or terminate the Competition at its own discretion or amend these Terms and Conditions at any time for any valid, technical or commercial reason without prior notice. In such an event, all participants and the winners shall waive and abandon any rights they may have against the Equity.

The contestants will be deemed to have accepted the Terms and conditions as they are published on Facebook or Twitter
d. To the extent permissible in law, participants will have no claims of any nature against the Equity & Mastercard in the event that the competition is altered or cancelled.
e. All Participants and winners hereby indemnify, release and hold harmless the Equity (including its subsidiaries, holding companies and affiliates) and its appointed agent, Equity’s directors, employees, agents, suppliers and contactors from and against any action, claims and or liability for injury, loss or damage of any kind resulting in whole or in part, directly or indirectly from participation in the competition, and or the use, acceptance or possession of prizes.
f. Any violation or attempt to violate any of the above rules may result in the immediate disqualification of the transgressor.
g. Personal information will not be shared with any third party and by entering the competition you consent to Equity or its appointed agent, processing and retaining your personal information for the purposes of this competition or any other legal purpose.
h. The terms and conditions of this competition are governed by Kenyan laws.
i. In the event of any dispute regarding these Terms & Conditions, conduct, results
and all other matters relating to the Competition, the decision by Equity (or its appointed agent) shall be final subject to the applicable laws.
j. In the event that there are any taxes applicable to the prize(s), Equity will deduct the same and remit to the Kenya Revenue Authority or any other tax collection agency. The Winner will be presented with tax withholding certificates where applicable.


Banks and Money

Equity Bank’s Wings to Fly Program- 410 Wings to Fly scholars offered employment as they join the Equity Africa Lead

By the time they join university later in the year, the scholars will have earned over Ksh300,000 which is enough to pay for their education in a public university in Kenya. The scholars have joined the competitive EALP program being among the top students in their respective counties.

During their working internship at Equity Bank, the scholars will benefit in many ways. First, they will go through a rigorous mentoring and coaching about work ethics and decision making in a high performance working environment. They will be serving adults in the bank branches in the company of professional staff, during which they will be exposed to the values and processes of prudent decision making, responsibility and commitment to the cause of transforming lives and livelihoods of our people which is the purpose that Equity champions.

This opportunity to work at Equity Bank gives the scholars a unique advantage because by the time they graduate and embark on the search for employment, they will already have accumulated experience of two years working for a premium brand.

They will also be linked to other leading international brands for further working opportunities which will give them relevant exposure and experience in line with their respective careers that they will be pursuing in the university.

During summer holidays, over 150 EALP scholars who are pursuing their university education in world leading elite universities will come back home and mentor the Wings To Fly scholars and prepare them for application for admission in global universities. Out of the 410 who have joined the program today, Equity Bank expects more than 10% to gain admission to these global universities.

Speaking to them during the commissioning ceremony, EGF Chairman Dr James Mwangi emphasized to them the value of compassion and said “To whom much is given, much is expected.” Saying that this aligns well with the vision of championing the social economic transformation of the people of Africa.

Wings to Fly scholars have now been enjoined with the top performing scholars in each county to form this year’s Equity African Leaders Program class of 2014. Dr Mwangi noted that this merger at the top demonstrates that it is no longer an issue of social status. “It is a natural selection of the best of the best, a recognition of capability and capacity. The most gifted in the country have been brought together to develop transformation leaders and social disruptors who will search for solutions to Africa’s most pressing problems. Everyone gives way to the very best, and by joining this program, the best in Kenya have been naturally selected to join this prestigious and most competitive Equity African Leaders Program.

During the annual August Congress at Kenyatta University, the scholars meet, interact and are mentored by professionals from various disciplines, opinion leaders and influencers, local & international motivational speakers counselors and captains of industry. Through these sessions, the scholars are expected to build onto their confidence, nurture their leadership skills as they prepare to take up roles in their work environment and in their communities.

The scholars will also be enrolled into the Equity Innovators Club where they will be mentored and encouraged to come up with innovative ideas that can offer solutions to some of the problems facing society in Kenya, Africa and the world.

This year’s EALP intake brings the total number of Equity University scholars to 1955 since inception in 1998 with nearly 150 of these scholars attending or waiting to join top world elite universities such as Harvard, MIT, Stanford and Yale while all the others continue to perform well in local universities in Kenya.

 “The vision for this program is to provide a safety net that enhances transition of academically promising students from secondary to university level education and develop them into social transformational leaders of the future in addition to serving as mentors to the Wings to Fly program scholars,” Said Dr Helen Gichohi, Managing Director of Equity Group Foundation.

She added, “These include paid work opportunities and a college savings scheme to help scholars finance their studies, a college counseling initiative, a virtual academy, an online literary journal, a secondary school mentoring programme, a business innovation and incubation working group, and a global summer internship program.”

About Equity Africa Leaders Program

Started in 1998 by Equity Bank and now managed by EGF, the Equity African Leaders Program is a rigorous internship and leadership development program which works to create a community of talented leaders who are capable of solving the world’s most pressing challenges. The program’s objective is to appreciate and reward outstanding academic performance, while at the same time motivating and encouraging other pupils and students in schools to aim higher and excel in their academic pursuits.

The leadership and mentorship component of the scholarship is a collaborative structure that aims at developing a generation that will think globally, be inspired to fight poverty in Africa, embrace sustainable development, improve living standards and co-exist peacefully as a people while being fully committed to giving back to the Community.

Banks and Money

Equity bank to play key role in creating 5 million jobs through the Young Africa Work Program

Equity has signed up to the Young Africa Works – Kenya; a public private partnership between the Kenya Government, Mastercard Foundation and the private sector. The transformative and holistic program, funded by Mastercard Foundation to the tune of Ksh 30 billion will transition 5 million Kenyan youth to dignified work by 2023.

Equity will deploy its banking infrastructure as well as the Equity Group Foundation platform to implement the program. “Through the bank, we shall extend affordable loans to over 600,000 entrepreneurs while Equity Group Foundation will offer free digital literacy, financial and entrepreneurship training, as well as market linkages in an effort to support entrepreneurs in scaling up their business and create more jobs for young people,” said Dr Mwangi the CEO and Managing Director of Equity Group Holdings Plc. He added “We are excited to be among the pioneer signatories to this ambitious and transformative program. We will leverage our institutional knowledge, skills and expertise in serving the micro, small and medium enterprises to reach and impact over 600,000 entrepreneurs with the right business skills, financial management and market linkages in order to scale up their businesses and create more job opportunities especially in the rural areas. We trust that these entrepreneurs will stimulate the value chains that they operate in causing a much bigger multiplier effect and thus contributing to the goal of creating 5 million jobs in the next five years”

Dr Mwangi noted that strengthening the MSMEs will equip them with the right capacity and capabilities to bridge the corporate sector and narrow the gap between the formal and informal sectors in the country through linkages. This will in turn strengthen business ecosystems and form formidable networks that will benefit from shared knowledge and best practices.

In the first 18 months of project implementation, Equity will extend loans of up to Ksh 150 billion to 140,000 MSMEs and scale to Ksh 420 billion to 600,000 MSMEs over a five year period. Equity Group Foundation (EGF) will provide digital and financial literacy as well as entrepreneurship training to the entrepreneurs. It will also provide business development support and market linkages to enable owners to grow and sustain their businesses as well as mentor other entrepreneurs in the network.

Equity has been investing in internal capacity building in relationship management and business development for MSMEs in all sectors of the economy. The skills gained will be instrumental in the execution of this program while the high investment in digitization and virtualization of the banking services will aid efficient provision of services to the target beneficiaries across the country. “With an expansive branch and agency network in the country, coupled with a highly skilled talent force in entrepreneurship training, youth empowerment, mentorship and relationship management, Equity is well positioned to be an implementing partner of the Young Africa Works in Kenya,” said Dr Mwangi.

While launching the program, H.E. President Uhuru Kenyatta lauded partners, including Equity Bank Group, who will provide financial and digital literacy and entrepreneurship training to MSMEs to support owners to grow and sustain their businesses and to mentor other entrepreneurs in the network. “When small firms and entrepreneurs access financial services, they obtain the resources they require to grow, expand into new markets and opportunities, create jobs and establish inter-generational wealth,” he added.  

Speaking during the launch of the program Mastercard Foundation president and CEO Reeta Roy said “Kenya has a vibrant entrepreneurial culture, a strong private sector, and an enabling policy environment. Young Africa Works – Kenya builds on this momentum to prepare and connect young people to opportunities that will grow the economy and transform their lives.”

Investment in young people is critical for economic growth and pays dividends over the long-term. With the right investments in relevant skills, financial services, networks and markets, these young people will find dignified and fulfilling work which will improve their lives and those of their communities.”

Equity has had a long partnership with Mastercard Foundation in implementing successful social impact programs especially the transformative and globally acclaimed Wings to Fly program, and the Financial Knowledge for Africa program (FiKA). EGF has to date supported to 16,168 students at over 600 public secondary boarding schools through its Wings to Fly program with Mastercard Foundation committed to sponsoring 10,000 bright but socioeconomically challenged students. Under the FiKa program, 1,739,478 women and youth have graduated in financial education. (FIKA)  while another 44,111 MSMEs in Kenya have been trained. 

About Young Africa Works Program in Kenya

Young Africa Works – Kenya, is a public-private partnership between the Mastercard Foundation, the private sector, and the Government of Kenya. The initiative aims to support five million young Kenyans to access dignified and fulfilling work over the next five years. Young Africa Works – Kenya is aligned to the country’s economic priorities, including the ‘Big Four’ sectors (enhancing manufacturing, food security and nutrition, universal health coverage, and affordable housing), as well as the digital economy. Mastercard Foundation has committed an initial Ksh 30 billion to Young Africa Works – Kenya program, and will engage the private sector, including financial institutions, to grow businesses in the ‘Big Four’ sectors and create more dignified work opportunities for 5 million Kenyan youth over the next 5 years.