KCB and Kenswitch launch ATM sharing.
In the news this week, Kenya Commercial Bank (KCB) and Kenswitch have announced an Automated Teller Machine (ATM) sharing deal in which over 650 KCB ATMs in East Africa will now be accessible to customers who have bank accounts with Kenswitch partners. At the same time, KCB customers will now be able to access Kenswitch partner bank ATMs. Kenswitch is run by a consortium of banks under the National Payments Systems Modernization and Reform Process of the Central Bank of Kenya. Kenswitch enables participating financial institutions to share payment infrastructure such Automated Teller Machines (ATMs) and Point of Sale (POS) terminals so as to avoid the duplication of scarce resources. KCB on is Kenya’s largest commercial bank which is also operational in Uganda, Tanzania and Southern Sudan.