OEquity Bank is one of the leading banks in Kenya, offering a wide range of financial products and services to its customers.
One of the most convenient and innovative services that Equity Bank provides is the Equity Paybill, which allows you to pay your bills and transfer money to various accounts using your mobile phone.
In this article, we will explain what Equity Paybill is, how it works, and how you can use it to make your life easier.
What is an equity paybill?
Equity Paybill is a centralized digital payment solution that allows you to pay your bills and transfer money to Equity Bank accounts and other mobile wallets using a single pay bill number: 247247.
You can use Equity Paybill to pay for goods and services from Equity Bank merchants and billers, such as water, electricity, TV, internet, school fees, government services, and more.
You can also use Equity Paybill to send money to your own Equity Bank accounts, other Equity Bank accounts, or other mobile wallets, such as M-Pesa, Airtel Money, Equitel, and Pesa Link.
Equity Paybill is a fast, secure, and convenient way to make payments and transfers using your mobile phone.
One does not need to have an Equity Bank account or a smartphone to use Equity Paybill.
You only need to have a mobile phone and a SIM card from any network.
You can use Equity Paybill anytime and anywhere, as long as you have sufficient balance in your mobile wallet.
How to Use Equity Paybill
To use Equity Paybill, you need to follow these simple steps:
- Dial *247# from your mobile phone and select the service you want to use, such as pay bill, buy goods, or send money.
- Enter the pay bill number 247247 and the account number of the merchant or biller you want to pay, or the phone number or account number of the person you want to send money.
- Enter the amount you want to pay or send and confirm the transaction details.
- Enter your PIN and complete the transaction. You will receive a confirmation message from Equity Bank and your mobile wallet provider.
Alternatively, you can use the following USSD codes to access specific services directly:
- To pay your bills, dial 2471# and follow the prompts.
- To buy goods from Equity Bank merchants, dial 2472# and follow the prompts.
- To send money to your own Equity Bank accounts, dial 2473# and follow the prompts.
- To send money to other Equity Bank accounts, dial 2474# and follow the prompts.
- To send money to other mobile wallets, dial 2475# and follow the prompts.
You can also use the Equity Bank app or the Equitel menu to access Equity Paybill services.
Benefits of Equity Paybill
Equity Paybill offers you many benefits, such as:
- Interoperability: You can use Equity Paybill to pay and transfer money from any mobile wallet, such as M-Pesa, Airtel Money, Equitel, and Pesa Link, using one paybill number: 247247. You do not need to memorize different pay bill numbers for different services or accounts.
- Convenience: You can use Equity Paybill to pay your bills and transfer money anytime and anywhere, using your mobile phone. You do not need to visit a bank branch, an ATM, or an agent to make payments or transfers. You also do not need to carry cash or cards, which can be risky or cumbersome.
- Affordability: You can use Equity Paybill to pay your bills and transfer money at low or no cost, depending on the type and amount of the transaction. You can also enjoy discounts and rewards from Equity Bank merchants and billers, such as free airtime, data, or cashback.
- Security: You can use Equity Paybill to pay your bills and transfer money securely, using your PIN and confirmation messages. You do not need to share your personal or financial information with anyone or worry about fraud or theft.
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Conclusion
Equity Paybill is a centralized digital payment solution that allows you to pay your bills and transfer money to Equity Bank accounts and other mobile wallets using a single pay bill number: 247247.
You can use Equity Paybill to pay for goods and services from Equity Bank merchants and billers or to send money to your own or other accounts.
To start using Equity Paybill, dial *247# or visit the Equity Bank website for more information.
