MasterCard bags Equity, KCB in plastic money duel with Visa

KCB and Equity are Kenya’s two top banks, accounting for more than half or 52.4 per cent of total deposit accounts. Photos/FILE

KCB and Equity have signed up MasterCard to issue their customers with new generation debit and credit cards, sparking a fierce battle for control of Kenya’s lucrative payments solutions market with rival Visa Card.

KCB and Equity are Kenya’s two top banks, accounting for more than half or 52.4 per cent of total deposit accounts.

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