Published On: Fri, Aug 4th, 2017

Contact-less tech cards debuts in East Africa

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kcb1From MARIA MACHARIA in Nairobi, Kenya
NAIROBI, (CAJ News) – KENYA Commercial Bank (KCB) Group has entered into a partnership with UnionPay International to enhance its digital payments services across the country.UnionPay International is one of the leading online payment service providers in the world.
The partnership will see the issuance of UnionPay Prepaid Travel Mate cards in the Eastern Africa region.
This programme will enable the digitalisation of payments at retailers, large and small, to take advantage of one of the world’s fastest payment processing networks.
As a result of the partnership, UnionPay prepaid and debit cards with chip-enabled technology, will be issued, first into the Kenyan market and then extended into East Africa.
“We are constantly looking for new ways to offer our customers enhanced speed and convenience when it comes to payments through integrated services,” said KCB Head of Channels, Dennis Njau.
As UnionPay accelerates its entry into Africa with the prepaid and debit cards with chip-enabled technology, first with Kenya and then extended into East Africa, the wave of digital payments would continue to enrich KCB’s financial products and services.
UnionPay International Chief Executive Officer, Cai Jianbo, said with innovation at the heart of everything the company did, it is their strategy to digitalize payments in Africa.
“UnionPay has been working to fundamentally change the face of electronic payments in the Africa region. We are truly excited to be a part of the rollout of the first bank in Kenya to innovate with the UnionPay,” said Jianbo.
KCB Bank Group is East Africa’s largest commercial Bank that was established in 1896 in Kenya. Over the years, the bank has grown and spread its wings into Burundi, Ethiopia, Tanzania, South Sudan, Uganda, and Rwanda.
UnionPay International (UPI) is a subsidiary of China UnionPay focuses on international business.
CAJ News

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