Kenyatta University has unveiled a new prepaid card for its alumni body. The KU Alumni Card allows alumni to enjoy discounts with selected partners, ranging from hotels, bookshops and hospitals to insurance companies and mobile phone service providers.
The KU Alumni Card allows card holders to transact at over 34 million MasterCard points of sale worldwide as well as access money at all Equity Bank ATMs and agents.
Speaking during the unveiling of the card at the Laico Regency Kenyatta University Vice Chancellor, Prof. Olive Mugenda said the card was meant to reward and recognise KU alumni.
“A university is only as strong as its alumni. We are proud of what our alumni are doing out there and we want them to continue fostering the relationship they have with the University through the usage of this card,” said Prof. Mugenda.
In addition to allowing cardholders to carry out their day-to-day transactions, Kenyatta University will be offering discounts to its alumni at its outlets including the KU Conference Centre and the North Coast Beach Hotel. Card holders will also enjoy access to the Post Modern Library and will get discounts on tuition fees for their children.
Other partners offering discounts to cardholders include Safaricom, Text Book Centre, Automobile Association of Kenya, Apollo Insurance and Emergency Plus services (Red Cross).
“As an alumnus of Kenyatta University it gives me great pleasure to be working with the institution that prepared me for the world of finance,” said James Wainaina, Vice President and Area Business Head for MasterCard Worldwide in East Africa. “We are excited about including PayPass in this card.”
PayPass™ works by simply tapping on a specially equipped merchant terminal. The tap-and-go technology makes payment and checkout easier as it is faster than using cash and lets cardholders make everyday purchases without waiting to enter a PIN, signing a receipt or handing a card over to a cashier.