KCB Bank Kenya and Mastercard have launched the country’s first multi-currency prepaid card.
This allows users to carry out international transactions more easily and make seamless payments across multiple global destinations.
The card is primarily designed to meet the needs of students, online shoppers, sports enthusiasts, and businesses. It reduces high transaction fees and provides convenience for frequent travelers or global spenders.
The card supports a variety 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.
The prepaid feature allows cardholders to load specific amounts, giving them better control over their spending. Users can easily manage their balances in this way.
During transactions, real-time exchange rates are used to automatically convert currencies. Thanks to the card’s multi-currency management feature, the need for multiple physical cards is eliminated, ensuring greater convenience and security.
Angela Mwirigi, Director of Digital Financial Services at KCB Bank Kenya, emphasized the importance of this launch:
“The introduction of this card represents a major milestone in strengthening our long-standing partnership with Mastercard.”
“This collaboration unites two industry leaders, leveraging our combined expertise, innovation, and shared vision to deliver exceptional financial solutions that reinforce our commitment to being the bank of choice in Kenya.”