KCB bets on technology partnership to drive up revenues

NAIROBI: Kenya Commercial Bank (KCB) Group is relying on its partnerships with technology companies to increase its presence in the digital payments space. Already, KCB has secured a deal with telecommunications firm Safaricom Limited to create a KCB-MPesa account.

“We are exploiting the big data revolution to create new and exciting possibilities in the market place. This new partnership between us and Safaricom is causing stiff competition in the micro-credit market due to its affordability, flexibility and the fact that one does not have to walk into a branch to access credit,” said KCB Group CEO Joshua Oigara in an interview with The Standard.