KCB Bank has partnered with Compass Plus Technologies to introduce Kenya’s first platinum multi-currency prepaid card. This card enables transactions in 11 currencies, offering customers convenience and lower exchange fees. The collaboration aims to enhance financial services in East Africa and simplify global spending for users.
KCB Bank, the leading financial institution in East Africa, has announced a partnership with Compass Plus Technologies to launch Kenya’s first platinum multi-currency prepaid card. This innovative card provides users with the flexibility to transact in 11 different currencies, thereby streamlining cross-border payments and accessing funds without incurring standard currency conversion fees.
The card allows transactions in popular currencies such as the Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, and several others. This advancement not only offers users favorable exchange rates but also simplifies global spending by removing the need for multiple currency accounts.
Angela Mwirigi, the Director of Digital Financial Services at KCB Bank, highlighted the importance of this initiative, stating that it exemplifies the collaborative efforts between KCB and Compass Plus Technologies in delivering exceptional financial solutions. Adil Ahmed, Vice President at Compass Plus, expressed enthusiasm for their long-standing partnership, emphasizing that the new card enhances the banking experience while setting industry standards in Africa.
Since 2012, KCB Bank has collaborated with Compass Plus Technologies to improve its processing capabilities and drive financial inclusion across Kenya. The partnership has allowed KCB to optimize its banking services, strengthening its position in the East African region.
KCB Bank has an extensive branch network and offers comprehensive banking services, including mobile and internet banking, ensuring customers have 24-hour access to their accounts. KCB Group Plc extends its services across multiple countries in East Africa and maintains numerous correspondent banking relationships globally, facilitating seamless international trade for its clientele.
For further inquiries, please reach out to Declan Kinsella at [email protected].
In summary, KCB Bank’s launch of Kenya’s first platinum multi-currency prepaid card marks a significant advancement in the banking sector. This innovation, a result of collaboration with Compass Plus Technologies, enhances user convenience and reduces currency conversion costs. By accommodating multiple currencies, KCB not only simplifies transactions for its customers but also reinforces its commitment to be a leading financial provider in East Africa.
Original Source: www.zawya.com
