Equity Bank has launched a new plan to automate payments for bar owners and alcoholic drinks dealers from all over the country.
The dealers can now pay their distributors easily and at an affordable price.
In Githunguri sub-county, Equity Bank business relations manager Simon Karumba said the initiative is to move businesses from cash transactions, which are usually at risk.
He said the programme requires one to register with the bank and will be issued with an ATM-like card but which can only be used to purchase beer and alcoholic products from licensed dealers.
Karumba revealed that each transaction will cost Sh27 regardless of the amount of money being paid.
In the programme, customers can get a three-day loan which can be taken as an overdraft. This will enable the business people to purchase beer even without money in their accounts. Karumba revealed that the loans can be repaid at the end of the weekend with some interest.
He said the programme aims at reducing losses occasioned by robberies or lost cash and also eliminating the risk of unethical practices by unscrupulous businessmen.