Kenswitch Kenya Limited and Absa Bank Kenya Plc have signed a partnership that will allow the bank’s customers to access over 2200 ATMs on the Kenswitch network.
Under the partnership, over 10 million Kenswitch member bank customers can also transact on Absa’s ATM network countrywide.
Kenswitch is a registered limited company that was set up by a consortium of banks under the National Payments Systems modernisation and reform process of the Central Bank of Kenya. Its terms of reference are to allow participating financial institutions to share payment infrastructure like Automated Teller Machines (ATMs) and Point of Sale (POS) terminals so as to avoid the duplication of scarce resources.
Kenswitch’s interoperable network provides over 2,200 ATMs, 20,000 plus Agency Banking outlets and over 15,000 merchant POS outlets. Kenswitch has 26 member banks connected to its local network.