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- KCB and Mastercard Roll out Islamic Finance Payments Solution;
KCB Bank has partnered with Mastercard to deploy an Islamic finance payments solution for customers under the Sahl Banking offering.
Additionally,KCB has unveiled the Sahl Agency banking network which will allow customers to deposit funds, withdraw cash, make payments and access essential banking services through agents.
“We remain committed to developing financial solutions that reflect the diverse needs and aspirations of our customers.
The Sahl card represents an important step in expanding access to Shariah-compliant banking solutions by providing customers with a secure, convenient, and values-driven payment option that supports their everyday financial and lifestyle needs,” said Mark Mwongela,KCB Group Director, Strategy & Innovation.
Mastercard World Elite and Gold Credit Cardholders will enjoy access to exclusive offers on accommodation, dining, shopping, and leisure experiences enabled through Mastercard’s global network.
Shehryar Ali, Senior Vice President and Country Manager for East Africa and Indian Ocean Islands, Mastercard said: “We are actively powering an inclusive digital economy where every individual and community can pay with confidence.
Our collaboration with KCB gives consumers a payment solution built around their values and lifestyle.
By combining our global network with KCB’s deep local expertise, we are connecting the Islamic banking community to the experiences and passions that matter most to them.”
Eligible cardholders will have access to The Mastercard Collection,a premium suite of curated dining,travel,and lifestyle experiences available to World Elite Mastercard cardholders.
Through this offering, customers can enjoy exclusive privileges, including access to exceptional culinary moments, unique travel benefits,and handpicked experiences designed to enrich their everyday lives,both locally and globally, where available.
