KCB Bank, in partnership with Compass Plus Technologies, has launched Kenya’s first platinum multi-currency prepaid card. This card enables transactions in 11 currencies, avoiding typical currency conversion fees and simplifying global payments for customers. The initiative showcases a progressive partnership aimed at enhancing banking experiences and financial inclusion in East Africa.
KCB Bank has introduced Kenya’s first platinum multi-currency prepaid card in collaboration with Compass Plus Technologies. This initiative allows customers to transact in 11 major currencies, including the Kenyan Shilling, US Dollar, and Euro. The card minimizes traditional currency conversion fees, offering increased convenience and flexibility for international payments and fund access.
The card enables users to manage multiple currencies without needing separate accounts or physical cards, simplifying global transactions. Cardholders will benefit from favorable exchange rates, significantly reducing unexpected costs associated with currency conversion. This innovation reinforces KCB’s commitment to being a leading financial provider in Kenya.
Angela Mwirigi, Director of Digital Financial Services at KCB Bank, emphasized the importance of this development by stating it marks a significant milestone in their partnership with Compass Plus Technologies. She highlighted the shared objectives of both organizations to enhance customer financial solutions through this innovative product.
Adil Ahmed, Vice President & Deputy Managing Director at Compass Plus Technologies, also remarked on the collaboration’s progressive impact. He noted that the card sets a new industry standard for multi-currency prepaid options in Africa and reflects KCB’s continuous effort to enhance customer banking experiences.
KCB Bank has been working with Compass Plus Technologies since 2012, consolidating multiple systems into a single, efficient processing center for various banking operations. This partnership has been instrumental in fostering financial inclusion and expanding KCB’s influence in East Africa.
KCB Bank Kenya Limited operates extensively with a robust presence, featuring over 200 branches and various financial services. It aims to provide effective banking services across East Africa, supported by a 24/7 contact center and comprehensive mobile and internet banking solutions.
Compass Plus Technologies specializes in payment technology and aims to empower its customers with innovative solutions. Their focus is on creating customizable and efficient payment systems for a range of clients, ensuring ease of integration and rapid deployment for banking products.
The introduction of Kenya’s first platinum multi-currency prepaid card by KCB Bank represents a significant advancement in banking technology. This collaboration with Compass Plus Technologies enhances customer experience by reducing currency conversion fees and providing access to multiple currencies seamlessly. KCB’s longstanding relationship with Compass Plus continues to yield innovative solutions, reinforcing its role as a leader in the East African banking sector.
Original Source: www.zawya.com
