KCB, Visa to digitise boda boda payments

A boda boda operator transports a passenger in Nairobi. PHOTO | SILA KIPLAGAT | NMG

Boda boda operators could soon be able to make and receive payments while simultaneously boosting their savings following the launch of a cashless pay product by KCB Group #ticker:KCB and Visa.

The solution allows motorcycle taxis to digitise payments via mobile phone with the funds going directly to their bank accounts, a move that is aimed at boosting financial inclusion among operators in the transport segment.

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