Prime Bank, Kenya and MDP have announced a strategic partnership with the launch of a multicurrency prepaid card.
The multicurrency prepaid card with a Tap and Go contactless capability and Chip and PIN security, will allow traders, travelers, Diaspora and the business community to load multiple currencies in USD, GBP, Euro and Indian Rupee on a single card accessible internationally.
The Prime Prepaid Multicurrency Card is available in Kenya Shillings, US Dollar, GB Pounds, Euros and Indian Rupees.
The card, powered by MDP, the leading card issuing and processing platform in the MEA region, will enable cardholders to pay for goods and services in shops, restaurants, hotels, online shopping, to withdraw cash from VISA ATM’s anywhere around the world and for travel purposes.
Commenting on the launch, Mr. Rajeev Pant, Prime Bank Chief Executive Officer, said the solution will enable Prime Bank customers to transact in both local and foreign currency – safely, securely, and seamlessly.
“We are delighted to be partnering with MDP, the leading payments powerhouse to launch our multicurrency card. MDP’s multi-currency card helped us build a unique offering for our customers, helping them conduct cross-border transactions with ease”, added Mr. Pant.
“The new multi-currency card allows Prime Bank customers to perform their transactions in five different currencies, which are all linked to one card, thus offering a comprehensive banking solution & allowing our customers to access an enhanced banking experience. This launch complements the Bank’s strategy of continuously enhancing its core digital banking solutions” said Mr. Pant.
MDP’s CEO, Ahmed Nafie said payment processing to digital payments solution will play a key part in enabling bank customers with exceptional payment experiences.
“We are very excited to be partnering with Prime Bank, and– we’re proud to extend MDP’s solutions to the Eastern African market & availing the all-new multicurrency prepaid card as a more convenient way for customers’ to spend & manage cash in a secured manner,” added Nafie.
MDP has equipped Prime Bank with an all-new multi-currency prepaid card, enabling the bank’s customers to, manage, spend and send their money in different currencies. This partnership came in line with the growing demand among consumers to transfer safe & cost-effective cross-border payment services.
Prime Bank will be leveraging MDP’s cutting-edge digital payment platform to deliver a seamless payment experience to its customers. By doing so, Prime Bank offers customers faster transaction processing through the new multi-currency product offering.
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