KCB Kenya, in collaboration with Mastercard, has launched Kenya’s only multi-currency prepaid card that supports 11 hard currencies.
This innovative solution is designed to simplify international transactions for customers by enabling seamless spending across various destinations.
The card supports an extensive range of currencies including the Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan.
The card is tailored to meet the diverse needs of students, athletes, online shoppers, businesses, and corporates.
It offers a cost-effective method for managing international transactions by reducing high transaction fees and enhancing convenience for frequent travelers and global spenders.
Angela Mwirigi, Director Digital Financial Services KCB Bank Kenya noted: “The launch of this card is a celebration of the strengthening of our long- standing partnership with Mastercard. This collaboration, once again, brings together two leaders in the industry, merging our expertise, innovation, and shared goal to provide exceptional financial solutions.”
Once enrolled, cardholders will enjoy favorable exchange rates and reduced conversion costs that eliminate unexpected charges and simplify global spending.
The card’s ability to handle multiple currencies removes the need for separate currency accounts or physical cards, ensuring greater convenience and security.
Additionally, the prepaid feature will allow cardholders to load specific amounts, promoting better control over spending.
Users can access this feature through the self-serve portal available on the website, providing a convenient way to manage their prepaid balances and monitor their spending.
Real-time exchange rates
will also ensure automatic currency
conversion during purchases, simplifying transactions and eliminating
the hassle of currency exchanges or
managing multiple wallets.
