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Banking comparison

Equity vs NCBA: which is right for you?

Equity and NCBA target overlapping but different customer profiles. Equity has the bigger base and pan-African reach. NCBA, formed from the NIC-CBA merger in 2019, owns the algorithmic infrastructure behind a huge slice of Kenyan mobile credit (M-Shwari, KCB M-PESA, Fuliza). The choice is between retail scale and digital-credit sophistication.

Equity Bank

bank,247247

Kenya's biggest bank by customer numbers, the original mass-market retail bank.

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NCBA Bank

bank,880100

The 2019 merger of NIC and CBA, with the Loop digital sub-brand and the back-end behind M-Shwari and KCB M-PESA.

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Which is better for what

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

For everyday retail banking

Equity has more branches and a wider customer base, simpler to use day to day.

Equity

For someone already on M-Shwari, Fuliza, or KCB M-PESA

NCBA is on the back end of all three. Holding an NCBA account gives clearer visibility of the underlying credit.

NCBA

For a young digital-first customer

NCBA's Loop is a digital-first sub-brand with a virtual card, in-app account opening, and budgeting tools, no branch required.

NCBA

For a regional traveller

Equity operates in 6 African countries; NCBA is mostly Kenya-focused.

Equity

At a glance

EquityNCBA
Sectorbankbank
M-PESA paybill247247880100
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Common questions

What is Equity Bank's M-PESA paybill?

Equity Bank's paybill is 247247. Account number is your bank account number.

What is NCBA Bank's M-PESA paybill?

NCBA's paybill is 880100. Account number is your bank account number.

Is NCBA the same as M-Shwari?

No, but NCBA is the licensed bank behind M-Shwari, KCB M-PESA, and Fuliza. Safaricom handles the customer interface; NCBA handles credit risk and licensing.

What is Loop by NCBA?

Loop is NCBA's digital-first sub-brand for younger customers. Account opening is fully in-app, with a virtual card and budgeting tools.

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