Equity Bank Uganda has introduced a new digital banking platform, Equity Online for Business, targeting small and medium-sized enterprises, corporates, and public sector institutions as lenders continue to invest in transaction-led services.
The Equity Online for Business launch, held at Protea Hotel Kampala, marks a transition from the bank’s earlier EazzyBiz tool to a redesigned system built to consolidate payments, liquidity management, and administrative controls into a single interface.
Clare G. Tumwesigye, Head of Marketing and Corporate Communications at Equity Bank Uganda, said during the event, “We are gathered to take a step forward in how we support businesses to grow, to thrive and to operate seamlessly, especially in this increasingly digital economy.”
The platform allows firms to manage operations in real time, according to Immaculate Asiimwe, Head of Payments and Channels. “We are giving business owners full control to manage operations in real time. Upload files, pay salaries, approve international transfers. Everything you need is done instantly with no waiting or back-office delays,” she said.
A long-time client, Hassan Abdullah, described the shift from branch-based banking to digital use. He said, “I used to be the first at the bank and the last to leave. Now I run almost everything from my desk or phone. We’re close to 100% digital, and honestly, this is one of the best platforms I’ve seen.”
An executive director at the bank said the system was rebuilt from the ground up with new infrastructure to support higher transaction volumes and faster processing times.
Features of Equity Online for Business
The platform combines multiple banking tools within a single dashboard, with a focus on real-time execution and administrative control. Key features of Equity Online for Business include:
- Unified Account Management – Businesses can view and manage multiple accounts through a single interface with customizable dashboards.
- Bulk & Salary Payments – Users can process payroll, supplier payments, and invoices in batches through file uploads.
- Real-time Transactions – International transfers, mobile money payments, and approvals are processed instantly.
- Tax & Bill Payments – Statutory payments and utilities can be settled with instant confirmations.
- Liquidity Management Tools – Businesses can monitor cash flow, open fixed or call deposit accounts, and request financing.
- Self-Administration – Corporate administrators can assign roles, add users, or revoke access without visiting a branch.
- System Integration – API and host-to-host connectivity allow direct integration with internal accounting systems.
- Multi-device Access – The service is available through web and mobile applications on a 24/7 basis.
How to Open Equity Online for Business Account
To open Equity Online for Business account, users must first hold a business account with Equity Bank Uganda. The requirements to open the Equity Online for Business account depend on the entity type but typically include:
- Certificate of incorporation and constitutional documents
- Company forms (A.7/A.20 and A.9/A.18 equivalents)
- Tax documents such as TIN, VAT certificate, or trading license
- Board resolution authorizing account opening and signatories
- Identification documents for directors and account signatories
- Introduction letter from a certified professional (lawyer or accountant)
- Minimum opening balance, usually UGX 150,000
How to Sign Up for Equity Online for Business
Once the account is active, businesses can sign up for Equity Online for Business through a structured onboarding process:
- Fill the Online Form – Submit business details including name, email, and contact information.
- Verification – A relationship manager confirms details and issues onboarding documentation.
- Credential Setup – Users receive login credentials, including a User ID and PIN, to access the platform.
Existing EazzyBiz users can migrate using their current credentials, according to the bank.
Digital Banking Push
The rollout adds to efforts by lenders across East Africa to shift corporate clients toward digital channels, reducing reliance on physical branches while increasing transaction volumes and fee-based income.
The Equity Online for Business platform is positioned as a central tool in that transition, combining payments, account management, and system integration in a single environment aimed at businesses handling high transaction flows.
Jefferson Wachira is a writer at Africa Digest News, specializing in banking and finance trends, and their impact on African economies.