KCB bank is set to retire its long running Mobibank loan service accessible only to KCB bank customers through their bank accounts.
Through text messages sent out to KCB Mobiloan subscribers, the bank stated that it will officially discontinue the service on 23rd December 2020 thereby, being replaced by its successor the Vooma app.
The Vooma service is regarded as a new digital banking and payments experience that will enable easy and secure digital and wallet payments via mobile phone.
The NEW & IMPROVED Vooma loans will be repayable after 30 days and attract an interest rate of 5.91%
The Vooma loan service is accessible via KCB USSD code *522# or KCB App.