This archive report was first published on 29 September 2019.
Published on September 29, 2019, Barclays Bank of Kenya is considering the integration of Alipay and WeChat into its virtual banking platform Timiza.
The move is aimed at facilitating cross-border transactions, which have become increasingly necessary due to the growing relations between Kenya and China.
According to Andrew Mwithiga, Head of Timiza at Barclays, the bank is keen to form strategic partnerships that transcend traditional banking boundaries, including collaborations with WeChat and Alipay.
"We are keen to enter into strategic partnerships that transcend banks, telecommunication, and financial technology companies both within and outside the country, and this may include WeChat Pay and Alipay to improve our customer experience," Mwithiga said.
Barclays is also looking to connect small entrepreneurs who import goods directly from China to convenient digital money platforms, further emphasizing the bank's commitment to innovation and customer convenience.
