KCB Bank Kenya, in partnership with Mastercard, has launched Kenya’s first multi-currency prepaid card, designed to simplify international transactions and provide seamless, secure payments across borders.
The card supports 11 hard currencies, making it an ideal solution for frequent travelers, online shoppers, students, athletes, and businesses looking to streamline global spending.
The card supports a broad range of currencies, including the Kenyan Shilling, US Dollar, British Pound, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan, offering customers flexibility in their international transactions.
This innovation is tailored to meet the diverse needs of individuals and businesses by reducing high transaction fees and enhancing convenience.
It allows users to manage their international transactions effectively, offering a cost-efficient way to make payments across various destinations.
The launch of this card marks another milestone in the strengthened partnership between KCB Bank Kenya and Mastercard, combining expertise and innovation to provide exceptional financial solutions.
“This collaboration underscores our shared goal to enhance global commerce and empower customers with flexible financial tools,” said Mastercard spokesperson.
Once enrolled, cardholders will benefit from favorable exchange rates and reduced conversion costs, eliminating unexpected charges and simplifying international spending.
With the multi-currency feature, cardholders no longer need multiple accounts or physical cards, ensuring both convenience and security.
The prepaid feature also gives users the ability to load specific amounts, helping them better manage spending. A self-serve portal on the website offers users a convenient way to track their prepaid balances and monitor transactions in real time.
Automatic currency conversion during purchases ensures seamless transactions without the need for currency exchanges or managing multiple wallets.
“This partnership with Mastercard is a historic step in redefining global commerce and simplifying cross-border transactions,” said KCB Bank Kenya’s representative.
“The launch of Kenya’s first multi-currency prepaid card aligns with our commitment to delivering world-class financial solutions and providing greater flexibility in the global payments space.”
This new offering is another example of KCB Bank Kenya’s dedication to delivering innovative and accessible financial solutions, reinforcing the bank’s position as a leader in Kenya’s dynamic financial ecosystem.
