KCB in conjunction with GoSwiff, a global mobile commerce and marketing solutions provider, has unveiled a strategic deal to offer a new mobile payment facility targeting Kenyan merchants.
The Bank aims to grow its financial inclusion and cashlite agenda through the use of GoSwiff’s mobile point of sale (mPOS) facility. Through a mobile high performance Bluetooth card reader merchants can now access on line commerce while in remote environments.
KCB Retail Director Annastacia Kimtai reiterated the bank’s commitment to deepen financial inclusion and empower businesses, through embracing the latest technologies to enhance customer experience. “The deal will see new category of merchants, and their customers in Small Medium Enterprises (SME’s) such as taxi drivers, restaurants, and schools among others access e-payments. This innovation will increase transparency while in the long term maximise revenue and improve on efficiency,” she said.
The use of digital payments is helping create a new generation of merchants who are able to accept payments in methods other than cash, and also benefits customers – by making the transaction easier, safer and more efficient.
“A time has come when financial institutions — and society’s expectations of them— are changing rapidly. We are leading the way in innovating and providing secure payment solutions that help banks and merchants meet the growing demand for digital payments in both emerging and developed markets,” said GoSwiff’s CEO, Simone Ranucci Brandimarte.
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