Ecobank Kenya has launched prepaid cards to facilitate payment for business travellers. The visa branded cards are the Ecobank Salary prepaid card and Ecobank Travel prepaid card.
They are available to customers and non-customers and will be issued on the spot in the banks 29 branches. The cards will initially operate in local currency but will later have a US dollar denominated option.
“The prepaid card is equipped with chip technology which provides enhanced security for card users in a dynamic and competitive financial sector where the focus is on the customer,” Ecobank Kenya managing director Ehouman Kassi said in a statement.
Central Bank of Kenya data shows there are 1.5 million prepaid card holders in Kenya.