To provide the best experiences, we use technologies like cookies to store and/or access device information. Consenting to these technologies will allow us to process data such as browsing behavior or unique IDs on this site. Not consenting or withdrawing consent, may adversely affect certain features and functions.
The technical storage or access is strictly necessary for the legitimate purpose of enabling the use of a specific service explicitly requested by the subscriber or user, or for the sole purpose of carrying out the transmission of a communication over an electronic communications network.
The technical storage or access is necessary for the legitimate purpose of storing preferences that are not requested by the subscriber or user.
The technical storage or access that is used exclusively for statistical purposes. The technical storage or access that is used exclusively for anonymous statistical purposes. Without a subpoena, voluntary compliance on the part of your Internet Service Provider, or additional records from a third party, information stored or retrieved for this purpose alone cannot usually be used to identify you.
The technical storage or access is required to create user profiles to send advertising, or to track the user on a website or across several websites for similar marketing purposes.
4 Comments
If it actually happens, then KCB will get me as a customer.
The e-commerce perspective has long been overlooked in Kenya though it is potentially the greatest enabler to business in the region and could make payments highly efficient and rapid. It would also reduce fraud and delays associated with payments which are usually done by cheques which in my opinion are now outdated. All financial institutions should migrate to e-payments and the Mpesa model has already shown the potential is there to do well in this sector.
Having looked at the RFP, I think KCB has underestimated the size of the task at hand…they effectively want to host, and sign on portals to use the Gateway, but I can forsee a situation whereby, they will be overwhelmed by the systemic challenges, i.e. fraud, which is on such a scale that they will have to have a fully fledged Web Security team in-house.
I feel KCB should have concentrated on their core business, i.e. banking, and let another comapany(s) connect the Internet Gateway.
[…] Kenya Commercial Bank (KCB) will also start offering e-commerce services in Kenya soon since they advertised for online payment processing services last year (also as reported in this blog). var addthis_pub = ''; var addthis_language = 'en';var addthis_options = 'email, favorites, digg, […]