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Originally published by Techish Kenya
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August 1, 2026
1h ago

Carrefour, KCB and Mastercard launch a prepaid card for grocery shopping

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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