Admin l Friday, February 25, 2022
LAGOS, Nigeria – Verve and KCB Bank Uganda Limited (KCB Bank) have announced a new phase of their partnership which will see KCB Bank become one of the first commercial banks to accept the Verve Card on its widespread and strategically distributed Point of Sale (POS) merchant network.
Damalie Sajjabi, the Head of Products and Operations at Interswitch East Africa, Uganda Limited, speaking about the new development in the partnership said: “TheVerve Payment Scheme entered the Ugandan market to provide flexible, customizedand cost-effective tokens to financial institutions. Verve Card acceptance at KCBPOS locations is the next phase in our journey of easing accessibility of payment services for all Verve Card holders and the other financial institutions which join theVerve family.”
Also speaking at the launch of the partnership, Mr. Michael Ssekyondwa, KCB BankUganda’s Head of Retail Banking, noted that the partnership is aligned with KCB’sagenda to drive digitally led products and services to ease the lives of customers.This arrangement further highlights KCB Bank’s focus to provide innovative bankingsolutions across Uganda.
Verve is a pan-African payment scheme owned by the Interswitch Group, Africa’sleading technology-driven company focused on the digitization of payments inAfrica. The Verve card is tailored to cater to financial institutions and customersacross different segments, considering lifestyle usage, security, and cost managementamong other important qualities.
The synergy will ease payments for Verve card holders countrywide, leveraging thevast footprint of KCB Bank across Uganda. In Uganda, the Verve payment schemehas multiple banks, Saccos, MDIs and exhibits a strong potential for expansion.
Verve remains committed to pushing the bounds in terms of customer experience andpayment possibilities in Uganda and beyond.
