Tag: KCB
How to Perform KCB to M-Pesa Transactions
KCB to M-Pesa and vice versa are frequent transactions. The Kenya Commercial Bank (Kenya) Ltd is a financial services provider licensed as a commercial...
Safaricom Strikes Historic Pact with Kenyan Banks to Fuel Sustainability Agenda
Safaricom has announced the closure of a multi-billion Sustainability Linked Loan (SLL). This deal is part of its Environmental, Social, and Governance (ESG) agenda.
“In...
Two Banks Sign with PAPSS to Facilitate African Cross-border Transactions
Two African Banks, KCB and Ecobank, signed with the Pan-African Payment and Settlement System (PAPSS). The move will enhance cross-border payment across Africa.
The deals...
Kenya Launches QR Code Standard: What You Need to Know
The Central Bank of Kenya in partnership with multiple key players in the payments industry in the country have today launched the Kenya Quick...
Annastacia Kimtai Appointed KCB Kenya Managing Director
Annastacia Kimtai has been appointed as the Managing Director of KCB Bank Kenya, making it the first time the Kenyan unit will have an...
KCB Subsidiary National Bank of Kenya Picks New Managing Director
The National Bank of Kenya (NBK) Board of Directors has appointed George Odhiambo as the Managing Director.
The position was previously held in an...
Here Are KCB to M-PESA Transaction Charges Effective 2023
The Central Bank of Kenya (CBK) announced that bank-to-mobile money transfers will start attracting fees.
This follows a push by the financial industry in...
Lender KCB Now Owns 85 Percent of DRC’s Trust Merchant Bank
Lender KCB Group Plc has announced the completion of the acquisition of Trust Merchant Bank SA (TMB) after receiving all the regulatory approvals.
The Group...
You will Now Pay Less for Fuliza Overdraft
Fuliza, which was introduced in 2019 in a partnership between Safaricom, NCBA, and KCB now has new discounted tariffs.
The overdraft facility now has...
How to Buy Kenya Power Tokens Without Transaction Charges
UPDATE: Equity and KCB introduced charges when purchasing Kenya Power Kenya tokens via their platforms. We have amended the story to reflect those changes....
Paul Russo Takes Over Joshua Oigara’s CEO Roles At KCB
Lender KCB has announced Paul Russo as its new CEO.
This is after the departure of its long-time head, Joshua Oigara, who has been with...
NCBA and KCB To Use Respective Accounts, Including Mshwari and KCB M-PESA to Clear Fuliza Owed
Fuliza has been around for nearly three years now.
The overdraft facility helps Safaricom M-PESA customers complete payments or send cash to another person if...
KCB’s Digital Transactions Jump to 98 Percent as Lender Reports KES 7.6B Profit
KCB Group Plc Records KShs.7.6B in Half Year Net Profit. Performance was impacted by Covid-19 pandemic as Bank raises provisions to cover increased credit risk.
Lender KCB Holds AGM Online, Approve KES 11B Dividend Payout
Lender KCB has announced a KES 11.1 billion total dividend payout to shareholders for the 2019 FY. The announcement was made today, and it...
KCB and Safaricom Set Aside Kshs 30 Billion For Lending, Opens Door to Blacklisted Defaulters
Safaricom and KCB have today announced that they have set aside billions of shillings that will be made available for people to lend.
The companies...
KCB Profits Rise to Kes 25.2B, Disbursed Kes 319B in Mobile Loans in the Last Half a Decade
Lender KCB has released its FY 2019 financials in an event that was held earlier today.
The bank reported 5 percent profit after tax to...
KCB’s Twitter Account Goes Beyond Privacy to Expose a Customer’s Account Balance
Banking services are encouraging users to use online services for many reasons: it makes them reach their customers easily, and those channels are leveraged...
Kenyans Borrowed KES 98 Billion in 2019 from KCB M-PESA as the Bank Reports Impressive Financials
KCB Group has finally lifted the lid for its financials for the past nine months ending September 2019. The lender posted a 6 percent...
KCB Bet on Digital Banking Pays Off with 96 Percent Transactions on Mobile
The growth of online services continues to see widespread use, particularly in banking. These institutions, especially in the Kenyan market have been instrumental in...
Borrowers to Pay More for KCB M-PESA Loans Following Rate Hike
There is no shortage of mobile loan apps in the Kenyan market. However, established players such as M-PESA have been in the space for...
Visa Introduces Digital Payments for Kenya Boda Boda Operators
The growth of motorcycle transport commonly referred to as Boda Boda has been unprecedented. The popularity of the mode of transport started more than...
Deep Dive into the Revamped KCB M-Pesa Facility
Digital mobile lending in Kenya is a space that is ever growing, whether the motivation is to push for financial inclusion or to simply...
KCB is Safaricom’s Second Trust Account Holder for Its M-PESA Services
Safaricom and Kenya Commercial Bank (KCB) Group have struck a deal that will make the banking institution a trust account holder for the telco’s...
This is The Panel of Investors for the KCB Lions Den TV Show
In April we told you that Kenya will soon have its own edition of "Shark Tank" show starting September 2016 called Lion's Den. Shark Tank was...
What I Hope The Tech Players In The Industry Will Focus on in 2016
Happy New Year guys! We have been given the privilege of seeing yet another year, and as with every New Year, 2016 has brought...
The Curious Case of Kenyan Banking Applications
What is the point of an application? Let me not limit this to applications alone. What is the point of any technology that we...
KCB Now Issuing Kshs. 130 Million Weekly In Loans Via M-Pesa
Four months ago, KCB and Telco Safaricom partnered to launch the KCB M-pesa account, a facility aimed at increasing financial inclusion through savings as...
KEeping It Local: Windows Phone Apps for Kenya
As mobile landscape in Kenya transitions from “dumb” feature phones to smartphones, the need for apps with local content grows every day. Apps enable...
1 Million SMEs On Target As Safaricom, KCB Partner To Launch Biashar@Smart
Safaricom and KCB on Wednesday announced a partnership and a launch of the Biashar@Smart product that is targeted towards Kenyan Small and Medium Enterprises....
Nakumatt to replace 1M loyalty cards with prepaid Mastercard Paypass card
Nakumatt has a plan to take advantage of their loyalty card and replace it with a prepaid card for use at their POS. The...
Pesapoint hits the 600 ATMs milestone, Banks embracing interconnection
Sharing infrastructure to save on operation costs is a sensible idea, an example is what banks did with Pesapoint ATMS. It makes bank increase...