Verve and KCB Bank Uganda Limited (KCB Bank) have announced a new phase of their partnership which will see KCB Bank become among the first commercial banks to accept the Verve Card on its Point of Sale (POS) merchant network.
Damalie Sajjabi, the Head of Products and Operations at Interswitch East Africa Uganda Limited, speaking about the partnership on Thursday said: “The Verve Payment Scheme entered the Ugandan market to provide flexible, customized and cost-effective tokens to financial institutions.”
“Verve Card acceptance at KCB POS 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 the Verve family,” she added.
Mr. Michael Ssekyondwa, KCB Bank Uganda’s Head of Retail Banking, noted that the partnership is aligned with KCB’s agenda to drive digitally led products and services to ease the lives of customers.
This arrangement further highlights KCB Bank’s focus to provide innovative banking solutions across Uganda.
Verve is a pan-African payment scheme owned by the Interswitch Group focused on the digitization of payments in Africa.
The Verve card is tailored to cater to financial institutions and customers across different segments, considering lifestyle usage, security, and cost management among other important qualities.
The synergy will ease payments for Verve card holders countrywide, leveraging the vast footprint of KCB Bank across Uganda. In Uganda, the Verve payment scheme has multiple banks, Saccos, MDIs and exhibits a strong potential for expansion.
Verve remains committed to pushing the bounds in terms of customer experience and payment possibilities in Uganda and beyond.