According to All Africa, Western Union and Kenya Commercial Bank (KCB) has announced the launch of Account Based Money Transfer Service (ABMT) allowing its customers in Kenya to receive cash from over 200 countries.
As a result, KCB Retail Banking will enable customer to direct Western Union money transfers into their bank accounts through online banking, call-centre and the KCB retail network. The new service is an extension of the successful collaboration between the two companies across East Africa. ABMT will allow recipients to move funds into their KCB accounts almost instantly once it has been sent from a global Western Union location. This will allow KCB’s customers to access their funds 24/7
KCB Group Chief Executive Officer, Joshua Oigara observed “Our customers, at home and abroad, now have three options to choose from that allows them to receive money from Account Based Money Transfer Services (ABMT). The money transfer services can be done through the call-centre, online banking, and at the teller counter enabling our customers to enjoy faster services, extended banking hours and convenience.”
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