By Nosa Alekhuogie
Interswitch Group, a digital payment company has collaborated with Kenya’s Credit Bank Plc to launch a multi-currency prepaid card for its African operations, which include Nigeria.
The card is aimed at providing consumers with alternative banking card that allows for safe, secure and seamless electronic transactions.
Country General Manager, Interswitch Kenya, Romana Rajput, stated at the launch that the partnership would be a boost to Interswitch’s issuing business; adding that it was a further proof of the company’s leadership position in the financial services industry on the continent.
“This is definitely a boost to Interswitch’s issuer-support and third-party processing business. We have been around for a while and we intend to keep entrenching digital payments in East Africa and across Africa as a whole. Now, customers will have access to the prepaid cards without necessarily having a bank account. The card can be funded through mobile money and it is widely accepted by merchants for payments and at the ATMs for withdrawals,” Rajput said.