HFC Partners With MasterCard to Grow Full Service Banking Offering

….. HFC to leverage on its new banking system to roll out additional products

April 19, 2017 … HFC, the banking subsidiary of HF Group has partnered with MasterCard to issue debit cards as part of the bank’s strategy to grow its full service banking offering.

The MasterCard debit card will be directly linked to both HFC’s Current and Savings accounts. HFC now joins a growing list of banks that are now EMV (Europay, MasterCard and Visa) compliant.  

HFC Managing Director, Sam Waweru said the partnership with MasterCard will enable HFC customers’ access over 36.9 million Point of Sale terminals in over 210 countries and territories.

The launch of the MasterCard will ensure that our customers have access to safe, convenient and seamless transactions in Kenya and around the world,” said Waweru.

Waweru said the bank is leveraging on its new banking system to roll out additional retail and corporate products. He said the banking System now provides HFC with the ability to merge front-to-back office environments for the headquarters, branches, and support electronic banking channels.

The new banking system, which we implemented in 2016, has now enabled HFC to roll out technology driven products, provide comprehensive business functionality and enhance customer experience,” said Waweru.

Waweru said the banking system will also maximize cross-selling potential through personalised product offerings and reduce time to market for new products.

The aggressive expansion of HFC in the Kenyan market has seen the banking services provider rapidly grow its branch and customer base.

HFC currently has a network of 25 branches in strategic locations across the country. It’s entry into the banking sector in Kenya has seen it increase its portfolio from corporate focused banking to retail banking.

Waweru said the bank is currently piloting its internet and mobile banking solutions which are expected to make it easier for its customers to access their accounts.

The rollout out of our internet and mobile banking solutions will address growing consumer demand for convenient banking solutions,” said Waweru.

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