Mobile Innovation is always bound to come from Africa .
A local bank in Kenya (Chase Bank) has developed a Mobile Banking App which enable Cheque Processing without going to the Bank .
User has to enter Cheque Details and captures the front and back picture of the Cheque and sends via the App .
The Reviews of the App suggests it does exactly what it says and does it well .
I am not sure if the Cheque processing is automated on the Bank’s side or someone manually works on the Cheque once they have the details and picture, however kudos to the team on a good job done.
Additionally The App is standard Banking App with features to check your balance and account summary, deposit your Chase Bank cheques, stop a cheque from being processed, transfer funds from one account to another, pay your bills, perform Mpesa transactions and Top Up your Airtime from your account.
The middle class and the growing SME sector are the bank’s key target markets