http://www.nairobiliving.com/component/content/article/15-presscentre/695-equity-bank-appointed-china-union-pays-sole-agent-in-east-africa.html
EQUITY BANK HAS DONE IT AGAIN SEEING ANOTHER PROSPECT.....AND RUNNING FOR IT..AND SO MOVING AWAY FROM THE CROWDED(BY COMPETIORS)AREAS AND BEING ON EDGE...THIS IS A STOCK TO WATCH

Equity Bank has signed up with the China Union Pay to allow its customers in Kenya and throughout East Africa to make transactions from Equity’s ATMs and Points of Sale
China Union Pay cards will be accepted at Equity Bank’s 700 ATMs, 5,000 Points of Sale and over 1,000 merchant outlets worldwide, offering the Union’s customers a convenient and wider network.

The Chinese population in East Africa has been growing steadily over the years, with China’s massive investments in infrastructure development, energy, oil and mineral exploration. Kenya’s bilateral relationship with China has also been boosted recently as the country positions itself as a major Chinese tourist destination. It is estimated that 20,000 Chinese tourists visit Kenya every year with the figure expected to rise to at least 100,000 per year in the next three years.

Good stuff and Kudos to EB. Looking East is something we must do so we can tell the West to shove it up their posterior every once in a while. That said and on a slightly different note, I must reluctantly admit that the bank that can lock in a deal with Paypal like FNB has done for South Africa will in all likelihood have landed a more lucrative deal over the long term.