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Originally published by Capital Business
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business
December 16, 2025
4h ago

Explainer: Making the most of your bank cards this festive season for safer and smarter spending

Explainer: Making the most of your bank cards this festive season for safer and smarter spending

NAIROBI, Kenya, Dec 16 - As the festive season begins and the countdown to Christmas quickens, many of us are preparing for travel, family gatherings, and Kenya breaking news | Kenya news today |..

✨ Key Highlights

As the holiday season approaches, Kenyans are advised to exercise caution when using bank cards due to a significant rise in cyber fraud. Financial losses from cyber fraud in the banking sector nearly quadrupled in 2024, reaching Sh1.5 billion.

  • Charity Muchiri, Assistant Manager of Cards Business at Family Bank, warns against an increase in holiday-themed phishing scams, SIM-swap fraud, and social-engineering tactics.
  • The article details the safest uses and risks for various card types: Debit Cards, Credit Cards, Prepaid Cards (where 30 percent of Family Bank's prepaid cards have been issued to minors), Multicurrency Cards, and Virtual Cards.
  • Key safety tips include shopping on verified websites, avoiding unsolicited links, setting up bank alerts, and keeping apps updated.

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