Campaigners call for more chip and pin provision in Africa
Local banks in east Africa are being urged to roll out chip and pin-enabled credit and debit cards to their customers.Local banks in east Africa are being urged to roll out chip and pin-enabled credit and debit cards to their customers.
According to MasterCard East Africa, chip and pin technology makes payment systems far more secure and can help to reduce the number of fraud cases, reports the Star.
However, the organisation is concerned that not enough financial services providers in the region are making use of this option at the moment.
Indeed, spokesman James Wainaina said east Africa is "lagging behind" other parts of the world when it comes to chip and pin penetration.
MasterCard has therefore joined forces with ATM service provider Paynet and Delarue to encourage local banks to replace traditional magnetic stripe cards with the newer alternatives.
Mr Wainaina added that if they fail to embrace chip and pin technology, financial services providers in east Africa will be "missing out on an opportunity for continental leadership".