Latest news with #AngelaMwirigi
Zawya
13-03-2025
- Business
- Zawya
KCB Bank unveils Kenya's first platinum multi-currency card with Compass Plus Technologies
Dubai, UAE – KCB Bank, the largest financial institution in East Africa, has partnered with Compass Plus Technologies to strengthen its multi-currency offering by launching Kenya's first platinum multi-currency prepaid card which will empower its customers with the flexibility and convenience they need to pay for goods and access funds across borders. The card allows users to load and transact in 11 currencies - Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan - some of the most popular among its customers, all while helping users avoid the typical exchange fees associated with currency conversion. 'The launch of this card is a celebration of the strengthening of our long-standing partnership with Compass Plus Technologies. This collaboration, once again, brings together two leaders in the industry, merging our expertise, innovation, and shared goal to provide exceptional financial solutions living up to our aspirations of being the bank of choice in Kenya,' said Angela Mwirigi, Director of Digital Financial Services, KCB Bank Kenya Once enrolled, cardholders will enjoy favourable exchange rates and reduced conversion costs that eliminate unexpected charges and simplify global spending. The card's ability to handle multiple currencies removes the need for separate currency accounts or physical cards, ensuring greater convenience and security. "We are thrilled to have collaborated with KCB Bank on this exciting venture," stated Adil Ahmed, Vice President & Deputy Managing Director, MEA at Compass Plus Technologies. "Throughout our long-term partnership, KCB has always taken a forward-thinking approach to developing new card products to improve the lives of their customers. This card not only enhances the banking experience for KCB Bank's customers but also sets a new industry standard for multi-currency prepaid cards in Africa." KCB Bank has been working with Compass Plus Technologies since 2012, when the bank successfully consolidated its three separate systems into one flexible in-house processing centre to handle its issuing, ATM, and POS acquiring businesses. Since then, the two parties have worked together on multiple projects to drive financial inclusion in Kenya and expand the bank's presence in East Africa. For more information, please contact Declan Kinsella at PR@ About KCB Bank Kenya Ltd KCB Bank Kenya Limited is the largest commercial bank in the country. A subsidiary of KCB Group Plc, the Bank has the largest branch network, with over 200 branches, 367 ATMs and 16,000 agents offering banking services on a 24/7 basis in East Africa. This is complemented by mobile banking and internet banking services with a 24-hour contact center services for our customers to get in touch with the Bank. KCB Group Plc- which also has presence in Uganda, Tanzania, South Sudan, Burundi, Rwanda and a representative office in Ethiopia also boasts of a wide network of correspondent relationships totaling over 200 banks across the globe and our customers are assured of a seamless facilitation of their international trade requirements wherever they are. About Compass Plus Technologies: Compass Plus Technologies is passionate about payments technology and architecting it properly for the needs of today and tomorrow. From start-ups and industry disruptors to recognised innovators and market leaders, our exceptional technology puts our customers in the driving seat and ultimately in control of their payment ecosystems. Together, we deliver ground-breaking and industry-leading products and services with uncontested ease and proven time-to-market.
Yahoo
26-01-2025
- Business
- Yahoo
KCB and Mastercard unveil Kenya's first platinum multi-currency card
KCB Bank Kenya has teamed up with Mastercard to launch Kenya's only multi-currency prepaid card that supports 11 hard currencies. The solution aims to simplify international transactions for customers by enabling seamless spending across various destinations. The card supports an extensive range of currencies. These include the Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan. KCB says that the card is tailored to meet the diverse needs of students, athletes, online shoppers, businesses, and corporates. It offers a cost-effective method for managing international transactions. And the bank says that by reducing high transaction fees, it enhances convenience for frequent travelers and global spenders. Angela Mwirigi, Director Digital Financial Services KCB Bank Kenya said: 'The launch of this card is a celebration of the strengthening of our long-standing partnership with Mastercard. This collaboration, once again, brings together two leaders in the industry. It merges our expertise, innovation, and shared goal to provide exceptional financial solutions living up to our aspirations of being the bank of choice in Kenya,' Cardholder features include favourable exchange rates and reduced conversion costs that eliminate unexpected charges and simplify global spending. The card's ability to handle multiple currencies removes the need for separate currency accounts or physical cards. In turn, this ensures greater convenience and security. Additionally, a prepaid feature will allow cardholders to load specific amounts, promoting better control over spending. Users can access this feature through the self-serve portal available on the website. Real-time exchange rates will also ensure automatic currency conversion during purchases. The end result is simpler transactions and elimination of the hassle of currency exchanges or managing multiple wallets. Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, added: "We are delighted to collaborate with our key strategic partner, KCB Bank Kenya in launching the country's first platinum multi-currency prepaid card offering the highest number of currencies. This is a historic milestone in redefining global commerce. This innovative solution simplifies cross-border transactions. It enables individuals and businesses to focus on what matters most. At Mastercard, we are committed to fostering cutting-edge, secure, flexible, and accessible payment ecosystems that drive global opportunity.' "KCB and Mastercard unveil Kenya's first platinum multi-currency card" was originally created and published by Electronic Payments International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
