Ruling on interchange fees a fleeting relief for banks

Many Kenyans use debit and credit cards issued by their banks to pay for purchases in supermarkets, eateries, petrol stations or online.

Photo credit: Pool I Nation Media group

Many Kenyans use debit and credit cards issued by their banks to pay for purchases in supermarkets, eateries, petrol stations or online.

On the face of it, such payments appear straightforward - make a purchase, swipe a card and take possession of the goods. However, there’s a wide array of activities that take place in the background and at great speed to complete such transactions.

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Note: The results are not exact but very close to the actual.