[kictanet] I&M suspends online card transactions

[Watila Alex]

they should issue prepaid cards for online transactions like kcb




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From:"Ali Hussein via kictanet" <kictanet at lists.kictanet.or.ke>
Date:Wed, 7 Oct, 2015 at 5:20
Subject:[kictanet] I&M suspends online card transactions

Listers


Interesting story about the pitfalls of ECommerce payments. 


http://www.businessdailyafrica.com/Corporate-News/I-M-Bank-suspends-online-card-payments/-/539550/2901814/-/k38ilvz/-/index.html


As one of the few acquirers (The others are Barclays and KCB, soon to be followed by Chase Bank) this doesn't auger well for online card payments in the country. 


Fortunately for us we have other payment gateways we can use. 


I'm curious to know what impact this will have on eCommerce in the country. Anyone can share insights?


Ali Hussein

Principal

Hussein & Associates

+254 0713 601113 / 0770906375


Twitter: @AliHKassim

Skype: abu-jomo

LinkedIn: http://ke.linkedin.com/in/alihkassim

Blog: www.alyhussein.com


"Discovery consists in seeing what everyone else has seen and thinking what no one else has thought".  ~ Albert Szent-Györgyi


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