KCB Bank Kenya has teamed up with Mastercard to launch Kenya’s only multi-currency prepaid card that supports 11 hard currencies. The answer goals to simplify international transactions for purchasers by enabling seamless spending across various destinations.
The cardboard supports an in depth range of currencies. These include the Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan.
KCB says that the cardboard is tailored to satisfy the varied needs of scholars, athletes, web shoppers, businesses, and corporates. It offers a cheap method for managing international transactions. And the bank says that by reducing high transaction fees, it enhances convenience for frequent travelers and global spenders.
Angela Mwirigi, Director Digital Financial Services KCB Bank Kenya said: “The launch of this card is a celebration of the strengthening of our long-standing partnership with Mastercard. This collaboration, once more, brings together two leaders within the industry. It merges our expertise, innovation, and shared goal to supply exceptional financial solutions living as much as our aspirations of being the bank of alternative in Kenya,”
Cardholder features include favourable exchange rates and reduced conversion costs that eliminate unexpected charges and simplify global spending. The cardboard’s ability to handle multiple currencies removes the necessity for separate currency accounts or physical cards. In turn, this ensures greater convenience and security.
Moreover, a prepaid feature will allow cardholders to load specific amounts, promoting higher control over spending. Users can access this feature through the self-serve portal available on the web site. Real-time exchange rates can even ensure automatic currency conversion during purchases. The final result is less complicated transactions and elimination of the trouble of currency exchanges or managing multiple wallets.
Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, added: “We’re delighted to collaborate with our key strategic partner, KCB Bank Kenya in launching the country’s first platinum multi-currency prepaid card offering the very best variety of currencies. This can be a historic milestone in redefining global commerce. This progressive solution simplifies cross-border transactions. It enables individuals and businesses to concentrate on what matters most. At Mastercard, we’re committed to fostering cutting-edge, secure, flexible, and accessible payment ecosystems that drive global opportunity.”