KCB to introduce VISA debit cards
Kenya Commercial Bank -Rwanda, a subsidiary of Kenya’s KCB Group said it will introduce Quick Serve Visa Eelectron Debit Cards, a simple and convenient way to pay for goods and services.
KCB Rwanda’s Managing Director, Maurice Toroitich, said that the card, which will be introduced in the second quarter of this year, can be used in more than 20 million outlets worldwide.
“We are pleased to add another innovative banking solution to our growing services to our customers in this market,” he said in an interview last week.
He added the innovation will lead to optimization of the Bank’s Automated Teller Machines (ATMs) infrastructure by enabling cardholders to access services at any of their ATMs in Rwanda and in the region.
Toroitich added that customers will be able to use the card to purchase goods and services at any Visa branded outlet like supermarkets, petrol stations, drug stores, hotels and air ticketing.
“Ultimately this is about making the most effective use of existing infrastructure which not only benefits our customers but also builds towards a more integrated and efficient electronic payments system in the market,” he added.
KCB plans to set up one of the most successful and reliable ATM network in Rwanda and the region, he said.
“In the coming months, we shall enhance further the ATM offering by increasing the number of ATM Machines and enhancing functionalities to be able to provide airtime top ups and prepaid cash power purchase as well as providing the ability to make third payments such as post paid telephone and Pay-TV bills.”
KCB Group has operations in Rwanda, Kenya, Tanzania, Uganda and Southern Sudan.