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KCB And Mastercard Unveil Kenya’s First Platinum Multi-Currency Card

KCB Bank has collaborated with Mastercard to launch Kenya’s first multicurrency prepaid card that supports 11 hard currencies. This solution is aimed at simplifying international transactions by enabling seamless spending across various destinations.
The card supports an extensive range of currencies including the Kenyan Shilling, US Dollar, British Pound Sterling, Euro, Swiss Franc, Australian Dollar, Canadian Dollar, Indian Rupee, Japanese Yen, South African Rand, and Chinese Yuan.
The multicurrency prepaid card aims to meet the diverse needs of students, athletes, online shoppers, businesses, and corporates. It offers a cost-effective method for managing international transactions by reducing high transaction fees and enhancing convenience for frequent travelers and global spenders.
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Speaking on this new product, Angela Mwirigi, Director Digital Financial Services at KCB Bank Kenya said that this launch is a celebration of strengthening KCB’s long-standing partnership with Mastercard. She further said that the collaboration brings together two leaders in BFSI with a shared goal to provide exceptional financial solutions for customers.
Once enrolled, cardholders will enjoy favorable exchange rates and reduced conversion costs that eliminate unexpected charges and simplify global spending. The card’s ability to handle multiple currencies removes the need for separate currency accounts or physical cards, ensuring greater convenience and security.
Additionally, the prepaid feature will allow cardholders to load specific amounts, promoting better control over spending. Users can access this feature through the self-serve portal available on the website, providing a convenient way to manage their prepaid balances and monitor their spending. Real-time exchange rates will also ensure automatic currency conversion during purchases, simplifying transactions and eliminating the hassle of currency exchanges or managing multiple wallets.
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“We are delighted to collaborate with our key strategic partner, KCB Bank Kenya in launching the country’s first platinum multi-currency prepaid card offering the highest number of currencies— This is a historic milestone in redefining global commerce. This innovative solution simplifies cross-border transactions, enabling individuals and businesses to focus on what matters most. At Mastercard, we are committed to fostering cutting-edge, secure, flexible, and accessible payment ecosystems that drive global opportunity,” Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands at Mastercard, said.
This collaboration underscores KCB Bank Kenya’s commitment to delivering innovative, world-class financial solutions that provide convenience and flexibility in a dynamic global payments environment.