KCB, GoSwiff to launch merchant-targeted mobile payment facility in Kenya
Kenya Commercial Bank (KCB), a financial services provider is set to launch a merchant-targeted mobile payment facility in Kenya through a partnership with GoSwiff, a global mobile commerce firm.
The payment facility, which will use GoSwiff bluetooth card reader mobile point of sale (mPOS) platform, will allow merchants to offer online commerce while in remote environments.
This payment facility will enable the new generation of merchants to accept payments in methods other than cash, thereby making transactions easier, safer and more efficient.
KCB retail director, Annastacia Kimtai said,“The deal will see new category of merchants and their customers in small medium enterprises (SMEs) such as taxi drivers, restaurants and schools among others access e-payment.”
KCB aims to reach the unbanked population and capture the untapped market through alternative means of financial services delivery.
The Kenyan government is doing all it can to increase electronic payments access, particularly in the areas of public transportation, distribution and government payments, and KCB’s payment facility is in line with it.
Kenya Commercial Bank is a wholly owned subsidiary of the KCB Group, the oldest financial services firm in East Africa.
Source: Mobile Money Africa