Nairobi, March 23 -- Standard Chartered Bank Kenya expects to roll out its mobile lending service by the end of this month, joining other lenders in the race for the growing digital credit market.

The financier said last week it has now ironed out data privacy concerns that had delayed the rollout of the loan platform, which was first announced in mid-2021, and has already received Central Bank of Kenya (CBK) approval.

StanChart expects that mobile lending will help grow and diversify its existing business alongside the affluent individual and corporate segments that have been the most lucrative client groups for the bank.

It has, however, said it does not intend to use the mobile loan app as a route to penetrate the mass market, but r...