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Banking comparison

Absa vs Equity: which is right for you?

Absa and Equity sit at different ends of the Kenyan retail banking market. Absa serves a more upmarket, urban customer with international expectations. Equity casts a wider net across all income brackets and runs the densest local mobile-banking franchise.

Absa Bank Kenya

bank,303030

Formerly Barclays Kenya, rebranded to Absa in 2020 after the South African parent took over.

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Equity Bank

bank,247247

Kenya's largest bank by customer count, with a presence across East and Central Africa.

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Which is better for what

Quick guide by use case. Pick the row that matches your situation.

For an internationally-paid contractor or consultant

Absa's FX desk and dollar account products are stronger than Equity's for someone receiving USD or GBP regularly.

Absa

For mass-market retail and rural reach

Equity has more branches and agents in towns and villages outside major cities.

Equity

For a small business with cross-border trade

Absa's trade finance desk and South African parent simplify regional trade documentation.

Absa

For a salaried employee in Kenya only

Equity's personal current accounts cost less to operate and Eazzy Banking covers most needs.

Equity

At a glance

AbsaEquity
Sectorbankbank
M-PESA paybill303030247247
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Common questions

What is Absa Bank Kenya's M-PESA paybill?

Absa's M-PESA paybill is 303030. Use your account number as the reference.

Is Absa the same as Barclays?

It used to be. Barclays Africa Group rebranded to Absa Group in 2018, and Barclays Kenya completed the rename to Absa Kenya in 2020.

Which is cheaper for a personal current account?

Equity is cheaper on most basic charges. Absa charges more but bundles more services into the package.

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