Emerging Markets Payments (EMP), a global electronic payment processing company in the Middle East and Africa, has launched its Kenya EMV Migration Package which will allow it to offer a cost effective and rapid implementation EMV Migration solution to the banks in Kenya.
This helps to support compliance with the Central Bank of Kenya’s mandate requiring the banks to adopt the global EMV standard as EMV offers extra security for cardholders, merchants and banks.
“As we have successfully completed more than 400 EMV implementation projects across the continent, we understand all the technical and practical issues in great depth and we can provide end-to-end support” said Hany Fekry, chief commercial officer at EMP.
EMP has more than 130 clients in 45 countries and is a major payment card processor in Africa.
EMP’s capabilities include Visa, MasterCard and the other major international payment brands. The company was the first in the region to achieve PCI DSS certification, the industry’s gold standard for data security, as far back as 2008.
In addition to providing cardholders with a more secure environment for electronic payments, applying the EMV system is expected to have a positive effect on the overall economy. The opportunity to drive inclusiveness in the financial system in markets like Kenya is a business opportunity, as well as a public policy imperative. As most countries in Africa are now focused on transitioning from cash-oriented to cashless economies, EMP is keen to ensure that state-of-the-art systems are put in place.