Credit Bank partners Visa to launch multi-currency pre-paid card

KENYA – Credit Bank Plc in partnership with Visa have announced the launch of a multi-currency prepaid card, aimed at providing consumers with an excellent alternative banking card that allows safe and secure seamless electronic transactions.   Credit Bank’s Konnect Prepaid Card will be a contactless Touch and Go card that can be used to shop, dine, fuel, and pay for…

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Dutch PE fund Oiko acquires stake in Credit Bank for US$10m

KENYA – Oiko Credit, a Dutch Private Equity Fund has acquired 28.8% shareholing in Credit Bank for US$10 million. Oiko Credit Portfolio Director Africa Robert Kagiri said that Credit Bank has a strong SME customer links and financial inclusion and therefore is a good fit for Oiko, reports Business Daily. “By enabling Credit Bank to expand its lending activities to…

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