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Visa, KCB rollout new merchants pay system
KCB Branch in Nairobi. KCB retained part of the assets and liabilities held in the National Bank of Kenya even as the bank was transferred to Nigeria's Access Bank.
KCB Bank Kenya has partnered with Visa to push digital payments, striking a deal that allows merchants to pay for purchases using their smartphones and shift from the traditional point-of-sale (POS) machines.
The bank says the move removes the need for expensive payment terminals, cutting costs for small businesses that have long struggled to adopt digital payments due to high equipment prices.
