KCB Bank, in partnership with Compass Plus Technologies, has launched Kenya’s first platinum multi-currency prepaid card, allowing users to transact in eleven different currencies while minimizing exchange fees. This collaboration aims to enhance customer banking experiences and streamline international transactions, reflecting the continued commitment to financial innovation in East Africa.
KCB Bank has officially introduced Kenya’s first platinum multi-currency prepaid card, developed in partnership with Compass Plus Technologies. This innovative card offers customers the capability to transact in eleven different currencies, including the Kenyan Shilling and major global currencies such as the US Dollar, Euro, and British Pound, facilitating seamless international payments while avoiding the associated exchange fees.
The multi-currency card significantly enhances the banking experience by providing favorable exchange rates and minimizing conversion costs. Users no longer require multiple currency accounts or physical cards, leading to improved convenience and security for global transactions.
Angela Mwirigi, Director of Digital Financial Services at KCB Bank, emphasized the importance of this collaboration, stating, “The launch of this card is a celebration of the strengthening of our long-standing partnership with Compass Plus Technologies.” This initiative reflects the commitment of both organizations to deliver superior financial solutions tailored to customer needs.
Adil Ahmed, Vice President & Deputy Managing Director at Compass Plus Technologies, remarked on the partnership’s success, saying, “Throughout our long-term partnership, KCB has always taken a forward-thinking approach to developing new card products.” He highlighted that this card not only elevates the customer experience but also sets a new standard within Africa’s prepaid card market.
KCB Bank’s collaboration with Compass Plus Technologies dates back to 2012, marked by the integration of their systems into a single in-house processing center, signifying their ongoing commitment to financial innovation and inclusion across East Africa. The bank operates an extensive network of over 200 branches, 367 ATMs, and a plethora of mobile and internet banking services, ensuring accessibility to a diverse clientele.
In conclusion, KCB Bank’s launch of Kenya’s first platinum multi-currency prepaid card signifies a significant advancement in banking convenience and competitiveness. The collaboration with Compass Plus Technologies underscores their shared dedication to innovation in financial solutions, setting new industry standards while enhancing customer experiences across borders.
Original Source: www.zawya.com
