KCB Bank Kenya has partnered with UnionPay International to enhance e-commerce payment capabilities in Kenya, enabling seamless and secure transactions for UnionPay cardholders on digital platforms.
Through this partnership, KCB Bank will extend UnionPay card acceptance across various merchant segments, including supermarket chains, government e-citizen services, and leading hotel chains, according to FF News.
This move aims to create a robust payment ecosystem that fosters convenience and accessibility for consumers and merchants alike.
Kenya’s e-commerce sector is experiencing rapid growth, with e-commerce penetration projected to reach 53.6% by 2025, according to the Competition Authority of Kenya.
Factors such as expanding internet connectivity, robust logistics, and the adoption of FinTech solutions are driving this growth. KCB Bank’s expanded UnionPay acceptance will support the development of a scalable and inclusive e-commerce ecosystem.
“UnionPay International is pleased to collaborate with KCB Bank Kenya to expand our digital footprint in Kenya,” said Asad Burney, Head of UnionPay International Africa Region. “This partnership underscores our commitment to supporting the digital transformation of payments in Africa. By integrating 3DS products, we aim to provide enhanced security and convenience for online transactions, contributing to a more seamless shopping experience for consumers.”
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