Businesses & Financial News

Credit Bank, Visa unveil Multi-Currency Prepaid Card

Credit Bank and financial services corporation, Visa Tuesday launched a Multi-Currency Prepaid Card, meant to provide seamless electronic transactions to consumers.


Credit Bank’s Konnect Prepaid Card will be a contactless Touch and Go card that can be used to shop, dine, fuel, and pay for services anywhere in the world. The card is Chip and PIN – enabled for secure online transactions. It is ideal for everyday payments like utility payments, as well as when travelling.


Credit Bank Director, Jack Ngare noted the launch as being aimed at increasing financial freedom for the banked, unbanked and under-banked, “It is our aim to provide our customers with the control and confidence they need to manage their money smartly. Membership to the Visa network, will allow the card holders to use it worldwide for payments and withdrawals, transact safely online and at ATMs.”


Konnect Prepaid Card will be available in 2 types, the Classic Card best suited for local transactions and can be topped up with the Kenyan Shilling, and the Platinum Card which is multi-currency and can be loaded with up to 4 currencies KES, USD, GBP and EUR.


Eva Ngigi-Sarwari, the Country Lead for Visa in Kenya, echoed these sentiments and remarked that the move to partner with Credit Bank will open new doors for Kenyan shoppers who opt to make use of the prepaid card.


Credit Bank Chief executive Betty Korir said the move will effectively propel the lender to continue pushing for more innovative financial solutions with the bank having recently been named Best Bank in our category in Providing Customer Focused Financial Solutions by KBA in 2019, Best Bank in Tier III by Think Business and Best SME Partner Bank by The European.

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