Carrefour, KCB and Mastercard launch a prepaid card for grocery shopping
Carrefour, KCB and Mastercard launched a prepaid card topped up from any country. Fees, exchange rates and usage limits are unannounced...
✨ Key Highlights
Carrefour Kenya, KCB Bank Kenya, and Mastercard have launched a new prepaid grocery shopping card. The card, unveiled on 30 July 2026 at Carrefour's East Africa offices in Nairobi, allows users to load funds for spending exclusively at Carrefour stores.
- The card functions by holding pre-loaded money, which depletes with each purchase and requires a top-up to continue usage.
- Key figures involved in the launch included Gabriel Swanepoel (Mastercard's Africa division), John Wagacha (Head of FMCG at KCB), and Rachid Nouri (Finance Vice President at Majid Al Futtaim Retail).
- The initiative aims to control spending for intended purposes and potentially attract funds from Kenyans abroad, mirroring past remittance trends where overseas Kenyans sent home USD 5.04 billion in 2025.
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Safaricom Reduces M-PESA Fees for Small Businesses - August 2026
Safaricom has announced reduced M-PESA fees for small businesses, impacting services like Pochi la Biashara, Lipa na M-PESA Buy Goods, and Business Till transfers, aiming to boost digital payments and affordability. Further, Safaricom launched its Pata More campaign, doubling data allocations on selected daily and monthly bundles without increasing prices, intensifying the mobile data competition in Kenya. At the same time, Carrefour Kenya, KCB Bank Kenya, and Mastercard launched a new prepaid grocery shopping card on 30 July 2026 at Carrefour's East Africa offices in Nairobi, allowing users to load funds for spending exclusively at Carrefour stores. These three stories highlight coordinated efforts by Kenyan financial institutions and telecom companies to expand digital payment options and reduce transaction costs for consumers.
