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KCB sign pact to automate payment services to University of Nairobi

by: Category: Banking & Finance, East Africa, Industry A+ / A-

KCB and University of Nairobi (UON) have entered a partnership deal which will see an ease in student admission to the university as the bank aims to grow its revenue through Non Funded Income (NFI).

The Bank will offer an automated payment collection service in transactional banking, card acquisition and other banking channels.

This strategic move comes after the institution officially unveiled the online portal, marking the computerization of the admission process for privately sponsored students.

KCB Managing Director and Chief Business Officer Kenya, Sam Makome said that, the Bank will constantly remain innovative in offering tailor-made solutions and in pursuing sustainable partnerships with like-minded institutions.

The Bank has integrated its payment collection system with the University such that real time communication will happen whenever students make payments.

This first of its kind system in the country will aid the institution in decision making on various parameters concerning application and admission information hence fast tracking the processes.

“As a business we need to sustain and raise our transaction volumes and roll out services that will meet changing customer needs. UoN being a Premier institution in the country is a game-changer in the public education sector and currently setting the pace in embracing technology to simplify its procedures. For us, such partnerships are meant to make financial services more accessible easing the lives of our diverse clientele”, added Makome.

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