Absa waives fees and charges on SMS, E-statements for transactional notices

Absa Bank Kenya PLC has announced the waiver of customers’ fees on all transactional notification messages (SMS) and E-statements.

Making the announcement, Mr Simon Gachahi, the Head of Premier and Liabilities at Absa Bank Kenya said the decision was made in response to feedback from Absa customers acquired through various surveys and customer experience channels.

“As Absa, we take feedback from our customers seriously and strive to provide them the best possible service and competitive products. Our key priority remains to become a truly customer-obsessed financial institution, a place where the customer is at the centre of every decision, giving them a voice and a platform to shape Absa’s products and services with their evolving needs in mind,” Gachahi said.

“By implementing this waiver, Absa is conscious of the need to not only boost the overall satisfaction of our customers but also the growing need to cushion them from unnecessary costs. Ultimately, Absa’s ambition is to be a digital first bank that is well positioned to compete in today’s digital world,” he added.

Under its new business strategy, the Bank’s first priority is to become a consumer financial services business that is fit for the modern-day by benchmarking its consumer business to what the market offers and what consumers need. This ensures the Bank is connected to present and evolving consumer needs.

A key agenda under this new strategy is establishing best in class customer experience and digital propositions while modernizing Absa’s systems towards cutting edge, cloud-based technologies.

In addition, and as a way of enhancing its customers’ financial well-being, the Bank recently introduced the Absa Digital Savings Account that offers consumers a superior interest rate of 9% per annum with monthly interest pay-outs on their savings.