Stanbic Chama App vs Absa Next

Available to Kenya citizens. The Chama app is for friends and family to save together. Download the app, create a profile and verify your identity. Once you are verified, a personal wallet will be ready for you to begin participating in Chamas. You can deposit money into your personal wallet from Mpesa or other accounts, and also withdraw from your wallet to Mpesa and Stanbic accounts. With the Chama app from Stanbic Bank, you can create as many Chamas as you like. You can invite friends, family and colleagues from your phone address book. The people you invite, will receive invitations via text message. If they choose to join your group, they can review the groups constitution and accept the invitation. The Chama app from Stanbic Bank puts the power in your hands to manage your group the way that you, as a group chooses to. Here are some of the amazing features that are available to groups; - Complete Visibility to all members All members can see all the activity that takes place in the group. All transactions are listed and can be queried and searched for in real time. - Changeable Membership roles After a member has accepted the invitation to join a group, the officials can change that members' membership role to; chairperson, treasurer or mentor. There can be as many chairpersons and treasurers as the group wants. In fact, all members can be chairpersons and they can all have equal responsibilities in the group. And if the group needs some assistance from someone to guide them on their journey, the group can invite a member as a mentor. Mentors do not participate financially, but they have full visibility of all the activity in the group and can join the group chat, from inside the app. - Membership Statuses After a person has accepted an invitation to the group, they will become an active participant. Officials can change any members' membership status at any time to any of the following; Active, On-hold and Terminated. Changing a members' membership status to On-hold, means that the member is temporarily not participating in the group's activities. Terminating a membership means that the member is no longer participating in the group whatsoever. Terminated and On-hold memberships may be re-activated at any time. - Group Goals Indicate your groups' goals, add a picture for inspiration and let everybody see how the group is progressing towards these goals. To allocate money to the goal is simple and straightforward. Simply indicate the amount to add to the goal, after which the groups available balance is reduced by this amount. Money in goals can be moved to the available balance at any time. - Member borrowing with Loans Members can borrow from the group by applying for Loans. These loans are group funded loans and not Loans provided by Stanbic Bank. Stanbic Bank updates the app regularly with new features based on our clients' feedback. So please let us know how we can make the app even better!

Absa Next Your Everyday Banking and Saving Companion Absa Next is a secure, next-generation digital banking account that brings all your financial needs together in one simple and intuitive mobile app. Designed to make money management easier, Absa Next enables you to seamlessly fund your account, link your Absa Bank account for easy access to funds, pay bills, save, access instant loans, and send or receive money anytime, anywhere. With Absa Next, you can take control of your finances directly from your smartphone while earning rewards for your everyday transactions. Eligible transactions earn Next Coins, which are automatically converted into cash and credited monthly, helping you get more value from your banking experience. What You Can Do with Absa Next • Open an account instantly using your Kenyan National ID. • Link your Absa Bank account and conveniently access your funds directly from the app. • Fund your account using linked debit or credit cards from multiple bank accounts. • Send money instantly to bank accounts through Pesalink. • Pay bills conveniently through Till Numbers, PayBill, and Pochi la Biashara. • Withdraw cash from any Absa ATM. • Send, receive, and request money easily. • Access instant loans directly from your Personal Account. • Save towards your financial goals, individually or with others through group savings. • Earn Next Coins from eligible transactions and enjoy automatic monthly cash rewards. Why Choose Absa Next? Whether you're managing daily expenses, growing your savings, accessing credit when you need it, or moving money seamlessly between your accounts and other banks, Absa Next helps you do it all in one place. Enjoy a secure, seamless, and rewarding banking experience designed around your lifestyle. Download Absa Next Today and Make Your Money Moves Requirements • A valid Kenyan National Identification Document (ID). • Kenyan passports are currently not supported for account registration.