Credit Bank partners Visa to launch multi-currency pre-paid card

KENYA – Credit Bank Plc in partnership with Visa have announced the launch of a multi-currency prepaid card, aimed at providing consumers with an excellent alternative banking card that allows safe and secure seamless electronic transactions.   Credit Bank’s Konnect Prepaid Card will be a contactless Touch and Go card that can be used to shop, dine, fuel, and pay for services anywhere in the world. The card is Chip and PIN – enabled for secure online transactions and is ideal for everyday payments like utility payments, as well as when…

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Dutch PE fund Oiko acquires stake in Credit Bank for US$10m

KENYA – Oiko Credit, a Dutch Private Equity Fund has acquired 28.8% shareholing in Credit Bank for US$10 million. Oiko Credit Portfolio Director Africa Robert Kagiri said that Credit Bank has a strong SME customer links and financial inclusion and therefore is a good fit for Oiko, reports Business Daily. “By enabling Credit Bank to expand its lending activities to SMEs, we’re helping them support the creation of sustainable jobs. “We look forward to working with Credit Bank towards lasting social impact for people on low-incomes in Kenya,” Mr Kagiri…

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