Equity Bank, through its subsidiary Finserve Africa Limited, received its MVNO Licence on 11 April 2014, along with Tangaza Money and Zioncell Kenya.

Equity Bank overcame this challenge by adopting the use of 0.1 millimetres thick ultra-slim SIM cards from Taisys Solutions, using technology originally developed in China.

[11] In addition, the CCK required Finserve Africa to make a written undertaking to compensate mobile phone subscribers for any losses they may incur during the one-year trial of its thin SIM, putting to test the company’s assertion that the technology is safe.

[1] In August 2018, Equity Group spun off its fintech arm into Finserve Africa Limited, a fully-owned subsidiary with its own board and management, headed by Jack Ngare.

[14] Equity Group Holdings plans to roll out their mobile virtual network in Uganda, Tanzania and Rwanda through their partnership with Airtel Africa.