LAUNCH | Prime Bank Kenya & Egypt’s MDP Announce a Strategic Partnership with the Launch of a Multi-Currency Prepaid Card

The multi-currency prepaid card with a Tap and Go contactless capability and Chip and PIN security, will allow traders, travelers, diaspora and the business community to load multiple currencies in USD, GBP, Euro and Indian Rupee on a single card accessible internationally.

The Prime prepaid multi-currency card is available in:

• Kenya Shillings
• U.S. Dollar
• Great Britain Pounds
• Euros
• Indian Rupees

The card, powered by MDP, the leading card issuing and processing platform in the MEA region, will enable cardholders to pay for goods and services in shops, restaurants, hotels, online shopping, to withdraw cash from VISA ATM’s anywhere around the world and for travel purposes

Commenting on the launch, Prime Bank Chief Executive Officer Mr. Rajeev Pant, said the solution will enable Prime Bank customers to transact in both local and foreign currency – safely, securely, and seamlessly

“We are delighted to be partnering with MDP, the leading payments powerhouse to launch our multicurrency card. MDP’s multi-currency card helped us build a unique offering for our customers, helping them conduct cross-border transactions with ease,” added Mr. Pant

“The new multi-currency card allows Prime Bank customers to perform their transactions in five different currencies, which are all linked to one card, thus offering a comprehensive banking solution & allowing our customers to access an enhanced banking experience. This launch complements the Bank’s strategy of continuously enhancing its core digital banking solutions” said Mr. Pant

MDP’s CEO, Ahmed Nafie, said payment processing to digital payments solution will play a key part in enabling bank customers with exceptional payment experiences

“We are very excited to be partnering with Prime Bank, and– we’re proud to extend MDP’s solutions to the Eastern African market & availing the all-new multicurrency prepaid card as a more convenient way for customers’ to spend & manage cash in a secured manner,” added Nafie.​

MDP has equipped Prime Bank with an all-new multi-currency prepaid card, enabling the bank’s customers to, manage, spend and send their money in different currencies. This

partnership came in line with the growing demand among consumers to transfer safe & cost-effective cross-border payment services

Prime Bank will be leveraging MDP’s cutting-edge digital payment platform to deliver a seamless payment experience to its customers. By doing so, Prime Bank offers customers

faster transaction processing through the new multi-currency product offering

About Prime Bank

Prime Bank is a 30-year-old privately owned Kenyan bank. Since inception, the Bank has grown to become one of the leading commercial banks. It has a network of 22 branches

Over the years, the Bank has developed its business interests in other African countries such as Malawi, Botswana, Mozambique, Zambia, and in Zimbabwe, where it acquired Barclays Bank of Zimbabwe through its associate bank First Capital Bank

Prime Bank has the expertise to deliver flexible, efficient and personalized services to its clients

About MDP

MDP is the leading card-issuing platform, enabling businesses to roll out their financial solutions with end-to-end payment infrastructure offerings – ranging from personalized card production, financial transactions processing & digital payments’ solutions

MDP is well positioned in the market for more than 30 years’, acknowledged for accelerating payment experiences – through a tech-driven approach. MDP embraces the global adoption of innovative, scalable & secure emerging fintech solutions; that provide seamless omni-channel customer experiences

MDP is headquartered in Cairo, Egypt with an extended footprint in more than 40 countries globally. (https://www.mdp-eg.com).