NAIROBI, KENYA — Kenyan financial technology company WayaWaya has partnered with Choice Bank to introduce an artificial intelligence-powered banking platform designed to transform how customers manage money, make payments and access financial services.
The agreement, signed in Nairobi on November 6, 2026, brings together WayaWaya’s digital technology and Choice Bank’s regulated banking infrastructure.
The new service, known as WayaWaya Banking, will allow customers to access bank accounts, hold multiple currencies, make domestic and international transfers, and pay utility bills through one digital platform.
How WayaWaya’s AI Banking Technology Works
Unlike traditional banking applications, WayaWaya Banking uses artificial intelligence to personalise financial services based on individual customers’ needs and spending behaviour.
The platform analyses financial activities, including income, expenses, savings and transaction patterns, to determine which banking tools are most relevant to each customer.
For example, business owners could see payment collections, cash flow and supplier transactions prominently displayed, while salaried workers may receive easier access to budgeting and savings tools.
According to WayaWaya, the technology is designed to adapt as customers’ financial circumstances change.
Choice Bank Provides Banking Infrastructure
Under the partnership, Choice Bank will provide the regulated banking services and financial infrastructure, while WayaWaya manages the technology platform and customer experience.
The arrangement allows WayaWaya to offer banking services through an institution licensed by the Central Bank of Kenya, rather than obtaining a separate banking licence.
WayaWaya founder and Chief Executive Officer Teddy Ogallo described the partnership as a move towards banking systems that adapt to customers instead of requiring customers to navigate complicated financial applications.
Choice Bank Chief Commercial Officer Patrick Russel also highlighted the importance of combining established banking infrastructure with technology designed around customers’ daily financial needs.
Plans to Expand Across Africa
WayaWaya has also outlined ambitions to expand its digital banking services into other African markets through partnerships with licensed financial institutions.
The company wants to connect banking services across borders, allowing individuals and businesses to manage financial activities more conveniently when operating in different countries.
However, expansion will depend on regulatory approvals, local banking partnerships and the availability of supported payment networks.
AI Banking Competition Grows in Kenya
The partnership comes as Kenya’s financial technology industry continues to develop new digital banking solutions.
With mobile money already playing a major role in everyday transactions, financial institutions are increasingly exploring artificial intelligence to improve customer experience and financial accessibility.
AI-powered banking could help customers manage spending, simplify payments and access financial information more efficiently.
However, customer data protection, transaction security and the reliability of automated financial recommendations remain important considerations.
WayaWaya’s success will depend on whether its technology delivers meaningful improvements in convenience, security and accessibility for Kenyan customers.
Have Your Say
Would you trust an AI-powered banking application that automatically adjusts to your spending habits, or would you prefer a traditional banking platform?
Share your opinions and questions in the comments. We welcome your contributions to discussions about Africa’s digital financial future.
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Gideon is a Cameroonian-born tech enthusiast who has been actively involved in web3 and blockchain development in Africa for over 5 years. He is a CAN News reporter, covering articles on web3, blockchain, cryptocurrency, and other related topics within the continent.
