KCB Bank And Mastercard Unveil Kenya’s First Multi-Currency Prepaid Card
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KCB Bank, in collaboration with Mastercard, has launched Kenya’s first-ever multi-currency prepaid card, a groundbreaking solution supporting 11 currencies.
This innovative card aims to redefine cross-border transactions for Kenyan consumers and businesses by combining spending control, real-time currency conversion, and seamless financial management.
The card allows users to manage multiple currencies in a single account, making it ideal for travel, eCommerce, and business dealings. By reducing dependence on traditional currency exchange services, it offers a convenient solution for handling international payments.
Supported currencies include 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, catering to both regional and global financial needs.
A prepaid feature enables users to load specific amounts, promoting better spending control. Cardholders can manage this through a self-serve portal on the KCB website.
With real-time exchange rates and automatic currency conversion during transactions, the card simplifies payments and eliminates the complexities of handling multiple wallets or exchanging currencies. This launch cements Kenya’s position as a leader in financial technology innovation in Africa.
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