Customers of Kenya Commercial Bank Group in Rwanda now may access their accounts using ATMs the institution is deploying in that country, an official from the Nairobi-based bank tells PaymentsSource.
Kenya Commercial opened nine branches that deploy ATMs at the beginning of the year in Rwanda to cater to its 20,000 customers in the country, according to the official.
“Previously, our customers in Rwanda, Tanzania, Uganda, Kenya and Southern Sudan had to go to specially set up banking halls to withdraw and deposit money,” he says. “Now customers in [Rwanda] will be able to deposit and withdraw at our ATMs using the bank’s ATM cards.”
The bank plans to issue magnetic stripe cards in Rwanda instead of EMV chip-and-PIN cards because they are less expensive and quicker to order, the spokesperson says, noting EMV card orders can take up to three months to arrive.
The bank issues Visa-branded debit and credit cards.