BUSINESS Kenya's Barclays to integrate WeChat Pay, Alipay into platform

BUSINESS

Kenya's Barclays to integrate WeChat Pay, Alipay into platform

Xinhua

11:11, September 29, 2019

Barclays Bank of Kenya is considering integrating WeChat Pay and Alipay into its virtual banking platform, an official said on Friday.

An exhibitor staff member introduces Alipay to a visitor during the Alibaba E-Commerce Expo in Sydney, Australia, Aug. 30, 2019. (Photo: Xinhua)

Andrew Mwithiga, head of virtual banking at the Barclays Bank of Kenya, told Xinhua in Nairobi that China has emerged as a key trading partner of Kenya and this has resulted in the need for the development of seamless channels for the timely and convenient settlement of cross border financial transactions.

"We are keen to enter into strategic partnerships that transcends banks, telecommunication and financial technology companies both within inside and outside the country and this may include Wechat Pay and Alipay in order to improve our customer experience," Mwithiga said during the media policy forum on the impact of virtual banking on the financial value chain that was organized by Kenya's Strathmore University Business School (SBS).

Barclays Bank of Kenya is considering integrating WeChat Pay and Alipay into its virtual banking platform, an official said on Friday.

Andrew Mwithiga, head of virtual banking at the Barclays Bank of Kenya, told Xinhua in Nairobi that China has emerged as a key trading partner of Kenya and this has resulted in the need for the development of seamless channels for the timely and convenient settlement of cross border financial transactions.

"We are keen to enter into strategic partnerships that transcends banks, telecommunication and financial technology companies both within inside and outside the country and this may include Wechat Pay and Alipay in order to improve our customer experience," Mwithiga said during the media policy forum on the impact of virtual banking on the financial value chain that was organized by Kenya's Strathmore University Business School (SBS).

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