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KCB, Safaricom sign deal on services

FROM LEFT TO RIGHT: Joshua Oigara, Group Chief Executive Officer (KCB), Cabinet Secretary for Industrialization and Enterprise Development Adan Mohammed and Bob Collymore, CEO of Safaricom speaking on Wednesday at KICC. [Photo: Mbugua Kibera/ Standard]

Safaricom and Kenya Commercial Bank (KCB) have signed a deal that will see the line between banking and telecommunications continue to blur.

The companies yesterday entered into a partnership they said would enable them roll out different products with telecommunications and financial service features in the coming months to target different consumer segments.

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