Kenyan bank Premier Bank joins forces with Mastercard to develop advanced digital banking offerings
Premier Bank Kenya Introduces Innovative Digital Banking Products
Premier Bank Kenya has taken a significant step forward in the digital banking landscape with the launch of two new products: Premier Connect and Premier Tap. These innovative offerings are designed to enhance convenience, financial inclusion, and security, positioning Premier Bank as a leader in the digital banking sector.
Premier Connect is an omnichannel digital banking platform that allows customers to open accounts remotely in less than five minutes. With this Shari’ah-compliant platform, users can make real-time payments across multiple channels, securely control their payment cards, access treasury and foreign exchange services, and send money instantly to over 100 countries - a unique service in Kenya. Premier Connect aims to blend Islamic financial principles with modern digital convenience, making Premier Bank the first Shari’ah-compliant digital bank in the country.
On the other hand, Premier Tap is a wearable payment solution launched in collaboration with MasterCard. This innovative product enables contactless transactions using NFC-enabled devices like smartwatches, rings, and key fobs. Premier Tap offers a secure payment method protected by MasterCard’s tokenization and encryption technologies, eliminating the need for carrying physical cash or cards. Premier Tap is available across all Premier Bank branches and through the My Premier App, making digital payments stylish, accessible, and secure.
These new products reflect Premier Bank's commitment to financial inclusion, providing customers with flexibility, control, and security in digital banking services while adhering to Islamic finance principles. The bank's Digital Innovations & Payments, ICT & Products, and Marketing teams played a significant role in the development of these products, marking a milestone in Premier Bank's digital transformation.
Premier Connect provides a consistent user experience across the bank's app, website, and physical branches, ensuring a seamless transition for customers. Additionally, Premier Tap is part of a Shariah-compliant banking ecosystem, ensuring that all transactions align with Islamic principles.
Premier Connect offers instant virtual debit cards upon account opening, and Premier Tap provides a convenient and secure alternative to traditional cards and cash. Both products are set to revolutionise the digital banking landscape in Kenya, offering customers a more efficient, secure, and inclusive banking experience.
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