KCB rides on UnionPay platform to increase digital transactions

A KCB branch in Nairobi. FILE PHOTO | NMG
A KCB branch in Nairobi. FILE PHOTO | NMG 

Kenya Commercial Bank (KCB) #ticker:KCB has partnered with Chinese online payment service company UnionPay International to grow the lender’s digital transactions.

The bank is set to ride on UnionPay’s Travel Mate prepaid and debit cards equipped with a chip-enabled technology to offer advanced speed, security and convenience to its customers. After a successful roll-out of the cards in Kenya, the bank will embark on a regional drive.

“We are constantly looking for new ways to offer our customers enhanced speed and convenience when it comes to payments through integrated services. This way, we ensure that they can enjoy unmatched services with very little disruption to their schedules,” said KCB Head of Channels, Dennis Njau.

“We are here to enable their progress and that’s what this partnership with UnionPay will achieve.”

The cards will also feature UnionPay contactless technology called Quickpass which provides speed and convenience to cardholders at major retailers and quick service merchants, convenience stores, gas stations, grocery stores, cinemas, parking lots, mass transit and taxis.

Contactless platforms represent the next generation of payment processing technology, minimising the need for customers to swipe their cards or carry cash.

“With innovation at the heart of everything we do, it is our strategy to digitalise Payments in Africa and UnionPay has been working to fundamentally change the face of Electronic Payments in the Africa region,” said UnionPay International CEO, Cai Jianbo.

“We are truly excited to be a part of the rollout of the first bank in Kenya to innovate with the UnionPay.”