KCB Bank Kenya and Airtel Kenya Limited have announced an interoperability partnership making it possible for Airtel Money customers to now make payments directly to KCB merchants’ tills through the Lipa Na KCB service.
This marks a key milestone in achieving a secure, fast, efficient, and collaborative payments systems that support financial inclusion and innovations.
“Reaching critical mass will require mobile money ecosystems to become more dynamic and productive and such a move will enable us scale our offering while giving customers the freedom to empower themselves,” Mrs, Annastacia Kimtai, Managing Director, KCB Bank Kenya.
KCB’s non-branch solutions have continued to prove pivotal in delivering outstanding performance for the bank. For the period ended December 31, 2023, the bank recorded 99% of transactions conducted through non-branch channels. Additionally, the bank recorded a 31% year-on-year increase in the value of transactions through digital channels to KShs. 6.4 Trillion.