KCB Bank and Mastercard have partnered to launch Kenya’s first multi-currency prepaid card, offering support for 11 currencies, including the Kenyan Shilling, US Dollar, British Pound, Euro, and more. This innovation simplifies international travel, eCommerce, and business transactions by consolidating multiple currencies into one account with real-time exchange rates. The prepaid feature allows users to load specific amounts for better spending control via a self-service portal on KCB’s website.
The card builds on Kenya’s fintech legacy, which began with M-PESA, and highlights the country’s leadership in digital finance. The collaboration between KCB and Mastercard aims to enhance financial inclusion by leveraging Mastercard’s global infrastructure and KCB’s local presence. This initiative aligns with Kenya’s regulatory support for financial innovation, providing secure and scalable payment solutions.
Kenya’s fintech landscape continues to expand with products like the multi-currency prepaid card, catering to the needs of frequent travelers, businesses, and online shoppers. The card reduces currency conversion costs while offering a convenient and secure payment method. This partnership further strengthens Kenya’s position as a leader in financial technology innovation across Africa.
