ABC Bank has introduced a British Pound (GBP) Debit MasterCard. The new card is suitable for Diaspora customers in the UK. Kenyan business and leisure travellers to the UK can also deposit GBP in their ABC Bank accounts and access it while in the UK, thereby avoiding exchange rate losses.
The card is also useful for UK expatriates. ABC Bank’s Head of Diaspora Banking David Mburu said the bank entered the UK market last year and has sustained a marketing campaign to grow its presence there as recognition of the growth of the segment.
The launch of the GBP debit card comes at a time when there is a growing number of local entrepreneurs importing and exporting commodities between Kenya and the UK and addresses the challenge of carrying cash while travelling. “If you have a business in Kenya and you need GBP in UK then this is your solution,” noted ABC Bank General Manager Peter Kinyanjui.