For many parents, teaching children about money often starts with small things, for example, chores, pocket money, and saving for something they really want.
SBM Bank Kenya is now turning those everyday moments into a digital experience through the launch of its Busara Banking App.
The family-focused platform is designed to help children learn to earn, save, and spend responsibly, with parents guiding them at every step.
The app provides a structured and supervised system that allows parents to guide their children through everyday money lessons in a safe environment.
At the heart of the platform is a chore-and-reward feature that enables parents to assign tasks and link them to allowances or rewards, which are digitally approved upon completion.
How the SBM’s Busara Banking App Works
This system teaches children the value of effort, saving, and responsible spending, while making financial learning interactive and practical.
Beyond the interactive earning system, Busara includes age-appropriate educational content covering budgeting, saving, goal-setting, and smart spending, turning everyday family interactions into practical lessons on money management.
The app is fully integrated with SBM’s flagship Mfukoni mobile banking platform, giving parents control over family finances.
They can assign tasks, approve allowances, and monitor their children’s financial activity within a secure digital ecosystem.
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Digital Innovation and Financial Literacy
Children can also use a Mastercard prepaid multicurrency card issued in their name, giving them supervised access to e-commerce transactions under parental control.
SBM frames the Busara Banking App as part of its wider digital innovation and financial literacy agenda, aiming to equip the next generation with practical money skills while expanding the bank’s digital ecosystem.
The banking App is available to SBM Bank customers as well as new customers who would want to open a Pebble savings account that attracts 8.5% pa for amounts above 100,000/-.
SBM Bank believes that financial literacy is one of the most important life skills a child can develop.
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Through the Busara Banking App, parents are empowered to transform everyday family interactions into practical lessons that foster responsible money habits from an early age.
Both the Mfukoni and Busara apps are available for download on the Play Store and App Store.
The app comes as SBM Bank reports a strong financial turnaround, posting a profit before tax of KSh614 million for 2025, up from a loss of KSh1.6 billion the previous year.
Busara Banking App reflects the bank’s broader strategy to drive digital innovation, promote financial literacy, and expand its payments ecosystem, equipping the next generation with the tools to navigate a cashless economy confidently.
About SBM Bank
SBM Bank Kenya is a well-established and trusted financial institution with an international presence, recognised as one of Kenya’s leading banks.
Headquartered in Mauritius, with its largest shareholder being the Government of Mauritius, the bank delivers stable, comprehensive banking solutions to retail, SME, and corporate clients.
After receiving approval from the Central Bank of Kenya, SBM Bank commenced operations in the country in May 2017 and has since expanded to a nationwide network of 33 branches.
