KCB And Visa Launch SME Business Credit Card

KCB Bank Kenya, in partnership with Visa, has launched a Business Credit Card solution designed to support small and medium-sized enterprises (SMEs) in managing cash flow and business expenses.

The card provides access to a revolving credit facility of up to 45 days interest-free. Customers can choose between a Kenya Shillings (KES) or US Dollar (USD) card. The solution also includes expense management features such as employee cards with customized spending limits and monthly reconciliation statements. In addition, cardholders will have access to Visa commercial offers and merchant discounts.

Speaking during the event, KCB Bank Director, Retail Banking, Jane Isiaho said: “SMEs remain the backbone of the Kenyan economy yet access to finance remains one of the greatest barriers to their growth. Entrepreneurs normally operate on a very tight cashflow with limited resources for their businesses, poor visibility on business spend, difficulty separating personal and business expenses, time-consuming reconciliation, lack of loan flexibility and weak expense controls. By offering this solution, we will be able to enable them to secure financing for their business and operational expenses, manage costs effectively and meet their various business targets.”

Visa East Africa Vice-President and General Manager, Chad Pollock said, “By offering a faster and efficient payment system to our SME’s customer base, we are able to solve their business needs, enabling them to prosper and run their business efficiently with limited downtime. This enables the development of the business and the Kenyan economy.”

The launch builds on ongoing collaboration between KCB and Visa. Previously, the two institutions introduced a Tap to Phone contactless payment solution, enabling merchants to accept payments using NFC-enabled smartphones without the need for additional point-of-sale hardware.