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HomeDaily NewsWednesday, July 8, 2026KCB and Mastercard Launch Shariah-Compliant Sahl Card - July 2026
Technology & Innovation3 stories from 2 sources

KCB and Mastercard Launch Shariah-Compliant Sahl Card - July 2026

KCB Bank has partnered with Mastercard to launch the Sahl Card, a new Shariah-compliant payment solution for Islamic banking customers. This follows Safaricom's announcement that its My OneApp now lets users send M-PESA money for free as an incentive to switch to the new platform. Separately, I&M Bank has launched the Mastercard World Elite Metal Credit Card in Kenya, targeting high-net-worth individuals with exclusive travel and lifestyle benefits. These three stories represent new financial product launches in Kenya's banking sector spanning Islamic banking, mobile money, and premium credit cards.

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Wednesday 6:08 PMTech Arena

KCB and Mastercard Launch Shariah-Compliant Sahl Card

KCB and Mastercard Launch Shariah-Compliant Sahl Card

KCB Bank has partnered with Mastercard to launch the Sahl Card, a new Shariah-compliant payment solution for Islamic banking customers.

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Key Highlights

KCB Bank has partnered with Mastercard to launch the Sahl Card, a new Shariah-compliant payment solution for Islamic banking customers.

  • The Sahl Card offers secure and convenient everyday purchases aligned with Islamic finance principles.
  • Key organizations involved are KCB Bank and Mastercard.
  • The card provides lifestyle and travel benefits, including access to exclusive offers and curated experiences for eligible World Elite and Gold Credit Cardholders.
Wednesday 9:47 PMTechish Kenya

Safaricom’s My OneApp now lets you send M-PESA money for free, but there’s a catch

Safaricom’s My OneApp now lets you send M-PESA money for free, but there’s a catch

Safaricom is incentivizing users to switch to its new My OneApp by offering a free M-PESA Send Money transaction.

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Key Highlights

Safaricom is incentivizing users to switch to its new My OneApp by offering a free M-PESA Send Money transaction.

  • The offer provides a refund on the first Send Money transaction of the day, making it effectively free.
  • This promotion is part of Safaricom's ongoing campaign to migrate users from the older MySafaricom app.
  • The perk is limited to first-time sign-ins on My OneApp and must be completed within 24 hours of initial login.
Wednesday 1:55 PMTech ArenaFirst

I&M Bank launches Mastercard World Elite Metal Credit Card in Kenya

I&M Bank launches Mastercard World Elite Metal Credit Card in Kenya

I&M Bank has launched the Mastercard World Elite Metal Credit Card in Kenya, targeting high-net-worth individuals with exclusive travel and lifestyle benefits.

Read Story

Key Highlights

I&M Bank has launched the Mastercard World Elite Metal Credit Card in Kenya, targeting high-net-worth individuals with exclusive travel and lifestyle benefits.

  • The card offers unlimited airport lounge access, fast-track airport services, dedicated concierge, and comprehensive travel insurance.
  • Key players include I&M Bank, led by Regional CEO Kihara Maina, and Mastercard, represented by Country Manager for East Africa Shehryar Ali.
  • A notable feature is that the card has no minimum spend requirement, allowing immediate access to its full benefits.
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