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SBM Bank has partnered with leading global payment network UnionPay International to roll out its UnionPay Prepaid Card in Kenya.

The partnership with SBM Bank enables cardholders of UnionPay prepaid card to leverage on UnionPay’s global footprint to make both online and real-time purchases.

UnionPay cards are accepted in 174 countries and regions with 55 million merchants and over 2.9 million ATMs making it ideal for travelers and tourists.

According to SBM Group Chairman Kee Chong Li, this UnionPay card is especially ideal for SMEs looking to trade with China which is one of the leading markets for African produce and also acts as a key source market for various goods.

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Mr. Kee Chong Li says that the pre-paid card will also offer additional security for travelers and online buyers shielding them from online fraud and the erosion