SBM Bank Taps Mastercard to Accelerate Cashless Transactions in Kenya
NAIROBI, Kenya, Dec 1 – SBM Bank Kenya has partnered with digital payments enabler Mastercard in what the lender says is anchored on widening global Kenya breaking news | Kenya news today |..
✨ Key Highlights
SBM Bank Kenya has partnered with Mastercard to enhance its transaction capabilities and accelerate cashless payments in Kenya, phasing in new Mastercard-branded cards for customers.
- The transition aims to boost payment security, global acceptance, and digital wallet integration, including tap-to-pay features and fraud protection.
- SBM Bank Kenya CEO Bhartesh Shah stated this partnership reflects their strategy to deliver superior customer experiences and drive sustainable growth.
- This initiative follows SBM Bank's turnaround, posting a profit after tax of Sh202 million in the first half of the year, reversing a Sh943.1 million loss.
Continue Reading
Read the complete article from Capital Business
Part of the Day's Coverage
Kenya Selects KenGen for Nuclear Plant, Promotes Culinary Tourism, and Expands Cashless Payments - December 2025
Kenya has selected Kenya Electricity Generating Company (KenGen) to operate its first nuclear power plant, a pivotal step toward adding up to 10 gigawatts of new electricity capacity for industrial growth. Separately, the country is strategically positioning its food culture to capture a larger share of the global culinary tourism market, which reached Sh1.09 trillion in 2024. This initiative aims to diversify revenue and attract visitors, as 81 percent of international travelers now choose destinations based on food. In the financial sector, SBM Bank Kenya has partnered with Mastercard to enhance its transaction capabilities. The partnership aims to accelerate cashless payments by phasing in new Mastercard-branded cards for customers.
