Ads
Home News KCB Launches Diaspora Banking

KCB Launches Diaspora Banking

447
2005
Ads

In a move to ease life for East Africans that live in the Diaspora, Kenya Commercial Bank (KCB) has launched a new internet enabled service named Online Banking.

This service that was unveiled earlier this week will enable East Africans living in North America, Europe, Asia and South Africa to deposit money and make any sorts of payments using their KCB local accounts. This according to KCB officials will be aided by agents that will be operating from the Diaspora.

Speaking at the launch of this service in Kampala, Jean Mugisha, the KCB Uganda marketing manager said that this service has been put in place to cater for the over 15 million East Africans that live in the Diaspora.

“There is a big East African population in the Diaspora of about 15 million that is continuously challenged with sending money back home. All the money transfer services available have been involving a third part; sender, receiver and agent. As a result, people’s hardly earned incomes have been often misused by some receivers,” Jean Mugisha said.

She added:

“It is because of this that we have invested in an ICT system that supports international banking. This will enable a client to control all their transactions. You can deposit, make any payments and follow ups. With this, the client will be dealing with the bank directly.”

Statistics presented by KCB officials but could not be independently verified by this business portal indicate that Diaspora remittances to the East African region grew massively in 2011 with Kenya receiving over USD 800 million closely followed by Uganda with USD 649 million. 

Ads

447 COMMENTS

  1. Link exchange is nothing else but it is just placing the other person’s blog link on your page at appropriate place and other person will also do similar in favor of you.

  2. My partner and I stumbled over here different web page and thought I may as well check things out. I like what I see so now i am following you. Look forward to looking at your web page for a second time.

  3. Youre so cool! I dont suppose Ive read anything such as this prior to. So nice to seek out somebody by incorporating original thoughts on this subject. realy we appreciate you starting this up. this excellent website is a single area that is required over the internet, a person with a bit of originality. valuable work for bringing new points to the world wide web!

  4. Great beat ! I wish to apprentice while you amend your web site, how can i subscribe for a blog website? The account aided me a acceptable deal. I had been a little bit acquainted of this your broadcast provided bright clear idea

  5. While it has several imperfections, it is essential to keep in mind that it posses a special value-proposition for individuals who are interested by using a tablet for productivity purposes, and who like to manage data and setting within an understood Windows setting. The missing Start menu and various other bug fixes are expected to be added in Windows 8. The vaccine that GSK is developing will be tested on a limited number of people as the UK drug company reportedly [39] weighs the pandemic danger against the risks of an unsafe shot.

  6. Hands down, Apple’s app store wins by a mile. It’s a huge selection of all sorts of apps vs a rather sad selection of a handful for Zune. Microsoft has plans, especially in the realm of games, but I’m not sure I’d want to bet on the future if this aspect is important to you. The iPod is a much better choice in that case.

  7. Fantastic blog! Are you experiencing any tips and hints for aspiring writers?
    I’m planning to start my own blog soon but I’m a bit lost on everything.
    Can you suggest beginning from a free of charge platform
    like WordPress or take a paid option? There are numerous choices on the
    market that I’m totally confused .. Any ideas?

    Thanks a great deal!

    my webpage :: SinaFDeets

  8. Greetings from Idaho! I’m bored to tears at work so I decided to check out your site on my iphone during lunch break. I enjoy the information you present here and can’t wait to take a look when I get home. I’m amazed at how quick your blog loaded on my cell phone .. I’m not even using WIFI, just 3G .. Anyhow, fantastic blog!|

  9. Thanks for your ideas. One thing I have noticed is that banks and financial institutions know the spending habits of consumers and understand that most people max out their credit cards around the holidays. They wisely take advantage of this fact and start flooding your inbox and snail-mail box with hundreds of 0 APR credit card offers soon after the holiday season ends. Knowing that if you are like 98% of the American public, you’ll jump at the chance to consolidate credit card debt and transfer balances to 0 APR credit cards. fffeegk https://headachemedi.com – best Headache medication

  10. Thanks for your concepts. One thing we’ve noticed is banks along with financial institutions are aware of the spending practices of consumers while also understand that most of the people max out and about their real credit cards around the getaways. They properly take advantage of this specific fact and commence flooding your current inbox along with snail-mail box using hundreds of no-interest APR card offers just after the holiday season concludes. Knowing that should you be like 98% of American community, you’ll rush at the possible opportunity to consolidate card debt and shift balances for 0 apr interest rates credit cards. jjjiikm https://headachemedi.com – what to take for Headache pain

  11. Thanks for your tips. One thing we have noticed is always that banks and also financial institutions have in mind the spending behavior of consumers and also understand that a lot of people max away their own credit cards around the holiday seasons. They prudently take advantage of this kind of fact and begin flooding the inbox and also snail-mail box together with hundreds of Zero APR card offers immediately after the holiday season finishes. Knowing that in case you are like 98% of all American open public, you’ll hop at the opportunity to consolidate personal credit card debt and move balances for 0 interest rates credit cards. fffeegk https://thyroidmedi.com – best thyroid medication

  12. Thanks for your ideas. One thing I have noticed is that banks and financial institutions know the spending habits of consumers and understand that most people max out their credit cards around the holidays. They wisely take advantage of this fact and start flooding your inbox and snail-mail box with hundreds of 0 APR credit card offers soon after the holiday season ends. Knowing that if you are like 98% of the American public, you’ll jump at the chance to consolidate credit card debt and transfer balances to 0 APR credit cards. ccccbei https://thyroidmedi.com – thyroid pain medications

  13. Thanks for your concepts. One thing we’ve noticed is banks along with financial institutions are aware of the spending practices of consumers while also understand that most of the people max out there their real credit cards around the getaways. They properly take advantage of this specific fact and commence flooding your current inbox along with snail-mail box using hundreds of no-interest APR card offers just after the holiday season comes to an end. Knowing that should you be like 98% of American community, you’ll rush at the possiblity to consolidate card debt and shift balances for 0 apr interest rates credit cards. iiihhjl https://stomachmedi.com – over counter medicine for stomach pain

  14. Thanks for your thoughts. One thing we have noticed is always that banks and also financial institutions have in mind the spending behavior of consumers and also understand that a lot of people max out there their own credit cards around the holiday seasons. They prudently take advantage of this kind of fact and begin flooding the inbox and also snail-mail box together with hundreds of Zero APR card offers immediately after the holiday season comes to an end. Knowing that in case you are like 98% of all American open public, you’ll hop at the possiblity to consolidate personal credit card debt and move balances for 0 interest rates credit cards. hhhggil https://pancreasmedi.com – what to take for stomach pain

  15. Have you ever heard of second life (sl for short). It is basically a game where you can do anything you want. SL is literally my second life (pun intended lol). If you want to see more you can see these sl authors and blogs

  16. lockout service near me [url=https://locksmithservice24.co.uk/wigan/atherton/door-service/upvc-door-repair/]uPVC door lock repair in Atherton[/url] locksmith service 24 hours / 7 days
    locksmith service 24 hours / 7 days

  17. Thanks for the good writeup. It actually was once a entertainment account it. Glance complicated to more delivered agreeable from you! By the way, how can we communicate?

LEAVE A REPLY

Please enter your comment!
Please enter your name here