KCB, Visa and Thales boost contactless payment in Kenya

KCB, Visa and Thales boost contactless payment in Kenya

Cashless innovation continues across Africa. This time Kenyan bank KCB is partnering with payment giant Visa and technology company Thales to enable contactless payment transactions.

According to Business Daily Africa, through the service KCB customers with Android handsets and Garmin wearables will be able to access all transaction information to help them complete purchases. Garmin brings GPS navigation and wearable technology to the automotive, aviation, marine, outdoor and fitness markets.

The new service will also allow customers to make in-store payments through the KCB app by tapping their near-field communication (NFC)-enabled phones at participating payment terminals. To access the service, customers will need to digitise their KCB Visa card as a one-off set-up by following instructions in their banking app.

This initiative is described as a revolutionary and a significant game-changer within the digital payments ecosystem, and certainly it reflects the ongoing increase in the adoption of digital payments in Kenya to which initiatives like this are responding.

A survey by Visa conducted in September 2022 ranked Kenya first in the use of digital payments across Africa ahead of South Africa and Nigeria.

It’s been a busy time for Visa in Kenya recently. We reported earlier this month that operator Safaricom and Visa had introduced the first M-Pesa GlobalPay Visa Virtual card, a mobile-phone-based system that, the partners say, opens up global shopping for Kenyan consumers.

Sign-up to our weekly newsletter

Keep up-to-date with all the latest news, articles, event and product updates posted on Developing Telecoms.
Subscribe to our FREE weekly email newsletters for the latest telecom info in developing and emerging markets globally.
Sending occasional e-mail from 3rd parties about industry white papers, online and live events relevant to subscribers helps us fund this website and free weekly newsletter. We never sell your personal data. Click here to view our privacy policy.