NCBA Bank has rolled out a suite of financing and digital innovations designed to modernize Kenya’s public transport industry. The announcement was made on Wednesday, September 10, 2025, during a special forum with PSV SACCO officials at the Swiss Lenana Hotel in Nairobi.

Speaking at the event, NCBA Director of Transactional Banking, Sally Chege, emphasized the bank’s commitment to supporting operators who play a vital role in connecting communities and fueling economic growth.

“This forum is a strategic platform for us to engage, consult, and co-create the future of PSV financing. Our goal is to honour the work of SACCOs while shaping solutions that drive efficiency and growth in the sector,” said Chege.

At the centre of the launch was Komiut, a cashless fare collection system developed specifically for PSV operators. The platform, created through extensive customer consultation, aims to streamline operations while reducing risks associated with cash handling.

“Komiut is not just a digital fare collection tool but an ecosystem solution built around the needs of PSV operators. It enhances efficiency, security, visibility, and empowerment,” Chege explained. “Operators can now enjoy real-time income tracking, automated reporting, and improved accountability.”

Alongside digital solutions, NCBA also introduced enhanced PSV Asset Finance products tailored for both SACCOs and individual members. According to James Karinga, NCBA Deputy Director and Head of Asset Finance and Insurance Premium Financing, the new packages provide more flexibility and inclusivity.

“PSV SACCOs can now access up to 90% financing with repayment terms of up to 60 months, while individual members can access up to 80% financing with terms of up to 48 months,” said Karinga. “We have removed key barriers such as SACCO guarantees and share pledges, making it easier for operators to grow their fleets with confidence.”

NCBA reaffirmed its commitment to working hand-in-hand with transport stakeholders, promising continued innovation to meet the sector’s evolving needs.