Month-on-month transaction volumes on the BK Mobile App increased sharply to 110,100 as at December 31, up from 10,817 recorded in October 2022, the first month under the upgraded digital system.
The value of transactions handled on the app increased in tandem to KSh97.8 million as at December 31, up from KSh6.1 million recorded in October.
“This is a clear sign that our customers have embraced our new, revolutionary digital system including the mobile app,” said the Bank of Kigali CEO, Dr Diane Karusisi.
Bank of Kigali, a subsidiary of BK Group which is dual-listed on the Rwanda Stock Exchange and Nairobi Securities Exchange, on September 30 last year launched an upgraded digital system with unique biometric recognition capabilities.
The USSD version of BK Mobile officially went live on Sunday, February 26th, 2023, and in two weeks the platform on-boarded 68,611 users, supporting 139,641 transactions valued at KSh1.1 billion.
The new BK Mobile USSD interbank transfers capability through the “BK to other banks” feature will allow BK customers to carry out transfers to other banks via USSD.