KCB Bank Launches Kenya’s First Platinum Multi-Currency Prepaid Card

KCB Bank and Compass Plus Technologies have launched Kenya’s first platinum multi-currency prepaid card, allowing transactions in 11 currencies. The card offers users favorable exchange rates and reduces conversion fees, enhancing convenience and security. This collaboration showcases commitment to improving customer finances and sets a new standard for prepaid card offerings in Africa.

KCB Bank, the leading financial institution in East Africa, has collaborated with Compass Plus Technologies to introduce Kenya’s inaugural platinum multi-currency prepaid card. This innovative card is designed to enhance flexibility for customers, allowing them to pay for goods and access funds seamlessly across borders. Users can transact in 11 different currencies, including the Kenyan Shilling and US Dollar, avoiding traditional currency conversion fees.

The multi-currency prepaid card promises favorable exchange rates and lower conversion costs, which helps eliminate unexpected charges and facilitates easier global spending. By consolidating multiple currencies into a single card, customers enjoy increased convenience and heightened security, eliminating the need for multiple accounts or physical cards.

Angela Mwirigi, Director of Digital Financial Services at KCB Bank, expressed, “The launch of this card is a celebration of the strengthening of our long-standing partnership with Compass Plus Technologies.” This collaboration enhances service provision and underscores KCB Bank’s commitment to becoming the preferred banking choice in Kenya.

Adil Ahmed, Vice President at Compass Plus Technologies, noted, “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 user experience but also aims to set a new benchmark for multi-currency prepaid cards within Africa.

KCB Bank has maintained a fruitful partnership with Compass Plus Technologies since 2012, where they streamlined operations into a single processing center. Their ongoing collaborations focus on promoting financial inclusion in Kenya and expanding the bank’s footprint across East Africa, ultimately benefiting a broader customer base.

In summary, the launch of Kenya’s first platinum multi-currency prepaid card by KCB Bank in collaboration with Compass Plus Technologies introduces significant advantages for customers by providing flexibility, security, and reduced costs associated with currency transactions. This initiative reflects the commitment of both institutions towards enhancing the banking experience in East Africa and fostering financial inclusivity. Additionally, it sets a new industry standard for multi-currency services in the region.

Original Source: www.zawya.com