KCB Bank, in collaboration with Compass Plus Technologies, has introduced Kenya’s first platinum multi-currency prepaid card. This card allows transactions in 11 currencies without incurring standard exchange fees. The partnership aims to enhance customer convenience and streamline global transactions, emphasizing their commitment to innovation and financial inclusion in East Africa.
KCB Bank, the principal financial institution in East Africa, has partnered with Compass Plus Technologies to launch Kenya’s inaugural platinum multi-currency prepaid card. This innovative card aims to offer customers enhanced flexibility and convenience, allowing transactions across borders for various goods and services. Users can load and utilize the card in 11 distinct currencies, including popular options like the Kenyan Shilling, US Dollar, and Euro, enabling them to avoid standard currency exchange fees.
The card’s introduction celebrates the deepening collaboration between KCB Bank and Compass Plus Technologies. Angela Mwirigi, Director of Digital Financial Services at KCB Bank, remarked on the importance of this partnership in delivering outstanding financial solutions, reinforcing KCB’s commitment to being the preferred banking choice in Kenya. The card offers favorable exchange rates and minimizes conversion costs, enhancing the banking experience for its users.
Adil Ahmed, Vice President & Deputy Managing Director, MEA at Compass Plus Technologies, expressed enthusiasm for the collaboration, highlighting KCB Bank’s innovative approach to enhancing customer experiences. This new card sets a significant precedent for multi-currency prepaid cards in the African financial landscape, emphasizing the importance of user-centric financial solutions.
Since their partnership began in 2012, KCB Bank and Compass Plus Technologies have executed a range of projects aimed at promoting financial inclusion in Kenya. Their continued collaboration has facilitated greater efficiency in banking operations and significantly expanded KCB’s reach in the region.
KCB Bank Kenya Limited is the largest commercial bank in the country, boasting a vast branch network of over 200 locations. Its services are complemented by mobile and internet banking solutions, ensuring that customers can access banking services seamlessly across East Africa and beyond. The bank also has a broad international network, facilitating global trade relations for its customers.
Compass Plus Technologies is dedicated to transforming payments technology for modern needs. The firm caters to various market segments, from startups to established enterprises, by delivering innovative and user-friendly payment solutions designed to empower clients in managing their payment systems effectively.
More information is available through the respective links to KCB Bank and Compass Plus Technologies.
KCB Bank’s launch of Kenya’s first platinum multi-currency prepaid card, in collaboration with Compass Plus Technologies, marks a significant advancement in enhancing customer convenience and expanding cross-border financial solutions. This initiative underscores both organizations’ commitment to innovation and excellence in the financial sector, promising to provide users with superior service and a better banking experience. The collaboration reflects a long-standing partnership that aims to drive financial inclusion while setting new industry standards.
Original Source: www.zawya.com
