KCB Bank has relaunched its app to enable users to make money transfers through KCB Mpesa, SWIFT EFT and RTGS and pay school fees to over 2,000 schools across Kenya through ‘Lipa Karo’.
The KCB App—which is available in Kenya and Rwanda— now boasts of a solid encryption that is set to safeguard and protect our customers’ details (identity & financial information), as the app requires a password before any transaction can be made. A user can also use the App to block a stolen or lost debit or credit card.
“The KCB App, as currently designed is set to revolutionize banking. It is one of the key pillars of our digital banking strategy, grounded on our belief that the future of financial services is digital. We believe that technology-based platforms have the potential to significantly accelerate any financial service proposition and we have seen this happen before,” said Samuel Makome, KCB Group Chief Operating Officer.
The App also features the latest news, a budget tracker and a currency converter for customers and non-customers alike. Customers get to enjoy the effective e-commerce platform that allows you to pay for goods and services from partners such as Jambojet and Jumia. This is a big plus for travelers and investors in the stock and money markets. From the App, users can access real-time stock market prices and forex rates.
The App allows customers to conveniently access affordable loans (Mobiloan) through their mobile phones. Customers will be able to choose the duration that is convenient for them to pay back the loans which range between 1 month, 3 months and 6 months. It has also embedded the KCB MPESA feature, allowing customers to activate their accounts, save and borrow through the platform.
Launched in the Kenyan Market in April 2015, the KCB App has attracted over 200,000 downloads so far across Android, IOS, Blackberry and Windows devices.
