The number of Kenyans living in the diaspora has steadily been on the rise and currently stands at over 4 million according to statistics from the Kenya National Bureau of Statistics (KNBS). Figures from the Central Bank of Kenya (CBK) showed that the total diaspora remittances to Kenya in 2019 stood at US$2.546 billion compared to $2.453 billion the previous year. This is proof that money sent home by Kenyans living in the diaspora is of great impact not only to individuals but to the economy at large. Due to logistical problems associated with being abroad, Kenyans living abroad often find it difficult to transact, save and invest or be aware of the investment opportunities that exist back home.
Diaspora banking, therefore, allows Kenyans in the diaspora to conveniently enjoy the same banking opportunities that they would have accessed if they were still at home.
Family Bank, through the Mkenya Daima Diaspora banking, creates the perfect link between diaspora individuals, their investment and banking products and services back in the country. This banking solution is not only providing unlimited products and services that are tailored to meet the needs of Kenyans living and working far away from home, but also ensuring that their investment dreams back home turn into reality.
The Mkenya Daima Diaspora banking, through both the current and savings accounts, ensures that you are able to access a wide range of banking services through Family Bank’s internet banking and the Pesapap mobile banking app which allows you to get services at your comfort without having to physically visit the bank or seek services from an agent. Some of the services under this channel include the transfer of funds, settlement of utility bills and statutory payments, checking account balance and so much more.
Being in touch with your loved ones back home brings that feeling of fulfilment especially when you can offer financial help given the tough times that are as a result of the Covid-19 pandemic. Mkenya Daima Diaspora Current Account gives you a chance to transfer funds easily and conveniently to family and friends. In addition, the Mkenya Daima Diaspora Savings account allows you to conveniently save money back at home.
Investing back home is also a dream for many Kenyans in the diaspora and it is never easy being hands-on in ensuring that your money is put in the right investment ventures that will yield positive returns for you, especially when one returns home. This is why Family Bank through its diaspora banking channel is helping individuals make the right investment decisions by not only offering attractive mortgage facilities for those looking to invest in the real estate sector but also offering guidance on how to venture into other areas such as the treasury bills and bonds.
Open a Family Bank Diaspora account today by visiting https://familybank.co.ke/family-bank/diaspora/ and enjoy seamless banking services from any country that you are in!