launch of Chase Bank Kenya Prepaid Cards
Chase bank Kenya prepaid cards have been launched. Chase bank is a Bank in Kenya that has been in existence for the last fifteen years.
The bank is known for its relationship banking. it has scooped many banking industry in Kenya awards in past years. Chase Bank has fifteen branches in Kenya.
Chase bank launched it suite of prepaid cards on the 24th of October 2011. The bank had full page advertisements for these products in both the Nation newspaper and the standard newspaper.
Chase Bank Kenya prepaid cards that were launched are:
Zawadi Chase Bank Kenya prepaid cards
Zawadi meaning gift, is an apt description of how the cards will be sold. These cards can be given to people as gifts. They offer good gifts as the person receiving the gift of the card can purchase what they want.
Incentive Chase Bank Kenya prepaid cards
These cards may be given as incentives to staff who have performed well in their jobs. these cards could replace the cash bonus that are given to staff at the end of each month.
Traveller Chase Bank Kenya prepaid cards
These category of prepaid cards is targeted for people who travel alot. The account holders can purchase the card either in Kenya shillings or dollar denominated cards. the cards can be used over the Internet.
Chase bank Kenya prepaid cards are MasterCard branded. chase bank is the first bank to offer the MasterCard Chase prepaid cards in Kenya. other banks that offer prepaid cards are Visa branded. These banks are Kenya commercial bank, I and M bank and Bank of Africa.
Advantages of Chase Bank Kenya prepaid cards
- one does not have to be an account holder to purchase a chase prepaid card
- the cards can be purchases on Kenya shillings or dollars
- the cards are MasterCard branded cards so have a wide acceptability
- the cash or funds are held in the card not a bank account, so the risk affects funds only held in the card not a bank account
- they can be used in many outlets both in Kenya and the rest of the world, that accept MasterCard cards
Chase Bank has joined the world in availing customers with prepaid cards. Prepaid cards have become popular especially after the economic crisis in the western world from the year 2008. Credit rating for many people especially in America was affected and so they cannot qualify for credit cards, and prepaid cards is the solution.
Chase Bank Kenya prepaid cards have been introduced into the market at the right time when the growth is expected to double in the next two years.