EQUITY GROUP STRENGTHENS PARTNERSHIP WITH ZEPZ TO SUPPORT DIASPORA CLIENT BASE WITH EASE

Nairobi, Kenya | 15th July 2024 — Zepz, the group powering leading global remittance brands,
WorldRemit and Sendwave, and leading provider of digital money transfer services, along with Equity
Group, today announced the renewal of their long-standing partnership. This agreement will continue
to provide Equity members in Kenya and across its subsidiaries in Tanzania, Uganda, and soon, the
Democratic Republic of Congo (DRC), Rwanda and South Sudan, with secure, convenient, and
affordable ways to send and receive international money transfers.

Zepz (via World Remit and SendWave) first partnered with Equity Group in 2018 through its subsidiary,
Equity Bank Kenya. The collaboration has facilitated trusted, timely, and convenient digital money
transfers for millions of customers globally, utilising a robust network of partners throughout the Equity
ecosystem of companies.

The renewed agreement will significantly optimise customer experience, leveraging the combination of
best-in-class APIs and integration solutions from Zepz, and both the digital and physical payout
networks of Equity Group Holdings across their six banking subsidiaries. Targeting one million
transactions per month, the collaboration will facilitate the seamless delivery of funds directly into mobile
wallets and Equity bank accounts.

Commenting on the partnership, Dr. James Mwangi, Managing Director and CEO, Equity Group
Holdings said, “This partnership, rooted in deliberate intent and purpose, signifies our shared strategic
vision to pioneer innovative solutions in the payments space for the African continent. By harnessing
the unique competencies and capabilities of both institutions, we aim to revolutionize payment solutions
across the continent as a support to achieving the Africa Recovery and Resilience Plan. This partnershipwill enable us to facilitate trade linkages across the region by enabling person-to-person, person-to-
government, person-to-business, and business-to-business payments.”

Zepz CEO, Mark Lenhard expressed optimism on the potential of the partnership to drive the uptake of
its twin remittance services in the region. He said, “We have a resolute conviction in the transformative
potential this partnership holds for our customers transferring money into and across the Africa region.
We look forward to leveraging Equity’s position in Kenya and throughout the East African Community
to grow our market share and further expand into new countries with Equity as it continues to grow its
footprint across Africa.”

Dr. Mwangi further added, “As our operational region evolves into the continent’s most integrated area,
this partnership couldn’t have come at a better time. We envision it as a catalyst for further integration
and reliable services, particularly enhancing cross-border trade by leveraging the synergies between
Equity and the Africa Free Continental Trade Area.”

Zepz’s digital platform ensures secure and swift delivery of funds, while their broader network through
WorldRemit and Sendwave offers senders greater flexibility. Customers can choose to receive funds
directly into their Equity Bank mobile wallets or bank accounts and benefit from competitive foreign
exchange rates.