Investors Diary

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Thursday, February 1, 2007

Pesapoint goes global

Written By:Stanley Wabomba
Posted: Wed, Jan 31, 2007

MasterCard, American Express and Japan Card Bureau cards Wednesday joined Kenya's PesaPoint automated teller machine - ATM network.
PesaPoint managing director Bernard Matthewman said use of the three cards will ease accessibility of funds by tourists and other visitors while in the country.
Speaking in Nairobi, Matthewman said PesaPoint ATMs will be availed in airports, tourist attraction centers and major highways to avail cash to those with accepted cards in a move likely to boost spending by visitors.
He said the service will also target visitors attending international conferences and events.
He said PesaPoint, which is hooked to 14 financial institutions operating in the country, is in talks with those that have not joined their network so as to have all financial institutions on board by the end of this year.

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