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KCB Bank Kenya has launched the country’s first platinum multi-currency prepaid card, developed in collaboration with Compass Plus Technologies, marking a significant advancement in cross-border payments. This innovative financial solution allows customers to seamlessly transact across multiple countries while avoiding costly currency exchange fees.
Empowering Global Transactions with Multi-Currency Support
The new prepaid card supports 11 major global currencies, including:
- Kenyan Shilling (KES)
- US Dollar (USD)
- British Pound Sterling (GBP)
- Euro (EUR)
- Swiss Franc (CHF)
- Australian Dollar (AUD)
- Canadian Dollar (CAD)
- Indian Rupee (INR)
- Japanese Yen (JPY)
- South African Rand (ZAR)
- Chinese Yuan (CNY)
By enabling direct loading and spending in these currencies, the card eliminates conversion fees, making it an ideal solution for frequent travelers, global shoppers, and business professionals.
A New Era of Digital Banking Convenience
Angela Mwirigi, Director of Digital Financial Services at KCB Bank Kenya, emphasized the transformative impact of this launch:
“This card represents our unwavering commitment to innovation and excellence in banking. Through our partnership with Compass Plus Technologies, we continue to deliver solutions that empower our customers with seamless and cost-effective cross-border transactions.”
Cardholders will benefit from:
- Competitive exchange rates
- Lower transaction fees
- Enhanced security for international payments
- Simplified budgeting with a prepaid structure
- No need for multiple bank accounts or separate currency cards
Strengthening Africa’s Digital Payment Ecosystem
Adil Ahmed, Vice President & Deputy Managing Director, MEA at Compass Plus Technologies, highlighted the significance of the partnership:
“KCB Bank has consistently led the way in pioneering advanced banking solutions. This multi-currency prepaid card sets a new benchmark in Africa’s financial sector, ensuring smoother and more accessible international payments for customers.”
KCB Bank’s collaboration with Compass Plus Technologies dates back to 2012, when it integrated its banking infrastructure into a unified processing center. Since then, the partnership has played a crucial role in driving financial inclusion and expanding KCB Bank’s footprint in East Africa.
Revolutionizing Cross-Border Banking in Kenya
With this latest innovation, KCB Bank is reaffirming its leadership in modern, customer-centric financial solutions. By providing a secure, cost-effective, and convenient method for managing multi-currency transactions, the bank is setting new standards in Kenya’s digital banking landscape.
As cross-border trade and global travel continue to grow, this platinum multi-currency prepaid card will serve as a vital tool in enhancing financial mobility and empowering customers across Kenya and beyond.
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