NCBA and Visa partner to roll out spend management tool for businesses  

NCBA Group and digital payments platform Visa have announced a partnership to roll out an innovative solution dubbed Visa Spend Clarity for Enterprise for commercial card clients of NCBA. Visa Spend Clarity is part of Visa Commercial Solutions’ suite of products and services for business of all sizes.

Visa Spend Clarity is an online Spend and Expense management platform that offers businesses visibility and control over their expenses and improves their overhead reporting. The enhanced data and reporting helps in resource optimization and better cash flow management. The platform is available both as a Web UI or mobile app for android or iOS.

(TOP: From left – Charles Omondi, Group Director for Corporate Banking at NCBA; Tirus Mwithiga, Group Director for Retail Banking at NCBA; Eva Ngigi Sarwari, the acting GM, Visa East Africa; and Essop Imraan, the Senior Director and Head of Visa Commercial Solution, sub-Saharan Africa, during the launch of Visa Spend Clarity for Enterprise for commercial card clients of NCBA). 

The tool can be customized as per the requirements, creating access at various levels, enabling stakeholders in the corporate with relevant set of reports and data. The data can also be integrated with ERP or extracted for upload into accounting platforms. The expense management capability helps in digitizing expense claim process, making it paperless with capabilities like OCR and receipt upload with multiple approval levels.

Commenting on the development, NCBA Group, Retail Director, Tirus Mwithiga noted: “At NCBA, we are continually working to ensure that our customers’ needs are met. Visa Spend Clarity is one way to do this as we help our corporate clients manage and track their expenses. I am excited for this new phase of NCBA’s journey that will undoubtedly grow our clients’ businesses.”

“We are constantly looking for new ways to offer our customers enhanced speed and convenience when it comes to payments through integrated services. This collaboration with Visa is most valued, as it aligns with the Bank’s business growth agenda, through digitisation. We look forward to more partnerships that enable us to draw strengths from each other, in ensuring that we maintain distinguished customer experience,” Mwithiga further noted.

On her part, Visa Kenya Country Manager, Eva Ngigi-Sarwari stated: “We are proud to be extending our existing partnership with NCBA to include the Visa Spend Clarity tool. The insights provided by Visa Spend Clarity can help businesses make more informed decisions about their spending, helping them to manage their finances more effectively. This partnership with NCBA is part of our commitment to help businesses of all sizes digitize their processes by offering convenient, secure and customizable tools”.

The Visa Spend Clarity tool is part of NCBA’s strategy to enhance its digital offering by connecting customers to new digital channels. In 2022, the bank onboarded 146 new corporate customers, growing the gross loan book by Kshs 8 billion to Kshs 171 billion and deposits from Kshs 6 billion to Kshs 243 billion. The division’s operating profit increased by 87% to Kshs 10.5 billion.

NCBA Group is a full-service banking group providing a broad range of financial products and services to corporate, institutional, SME and consumer banking customers. NCBA Group operates a network of more than 100 branches in five countries including Kenya, Uganda, Tanzania, Rwanda, and Ivory Coast. Serving over 60 million customers, the NCBA Group is the largest banking group in Africa by customer numbers. NCBA Bank Kenya is Kenya’s third largest bank by assets. The Bank is set to play a key role in supporting Africa’s economic ambitions. The Bank is a market leader in Corporate Banking, Asset Finance and Digital Banking.


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