Ecobank Transnational Incorporated : Partners with Visa and Kenya Airways to promote Virtual and Prepaid Cards

PRESS INFORMATION

For Immediate Release

Ecobank Partners with Visa and Kenya Airways to promote Virtual and Prepaid Cards

Nairobi, July 29, 2021 - Ecobank Kenya has partnered with Visa and Kenya Airways (KQ) in a promotional campaign that will see customers get discounts on local and International flight ticket purchases made using Ecobank's Prepaid and Virtual Visa cards.

Customers travelling via KQ to and from Nairobi, Mombasa and Kisumu will enjoy a 5% discount on their ticket purchases while those flying from Kenya to Ghana, Nigeria, Cote d'Ivoire, Ethiopia and South Africa will enjoy a 10% discount.

The campaign that kicked off in May follows the resumption of local flights after the government eased the Covid-19 restrictions early this year.

While commenting on the partnership, Ecobank Kenya Managing Director & Regional Executive for Central, Eastern and Southern Africa (CESA) Cheick Travaly said: "We understand that our customers have been through a lot in the recent past and this kind of partnerships aim to not only promote our innovative products and services but also to extend to them some relief."

The Ecobank Prepaid Visa cards can be accessed by customers and non-customers alike and are available in Kenya Shillings, USD and Euro. They can be used for travel, salary payment among other uses. The innovative Ecobank Virtual Visa card is a payment card that is created on the Ecobank Mobile App and pre-loaded with funds for making online purchases and payments. As a security measure, the card is not directly linked to a customer's bank account.

"As an airline, we need to continually innovate to provide our customers with a seamless travel experience. This is especially important to us due to the unprecedented changes that have affected the aviation industry and travel process. Through such partnerships, we are able to further ease access to travel through additional digital payment options and incentives for our customers." - Julius Thairu, Acting Chief Customer and Commercial Officer at Kenya Airways.

On her part, Eva Ngigi-Sarwari, Visa's Country Lead for Kenya said: "Fast and secure digital payments have become an essential part of how the world pays and gets paid especially now, in the wake of COVID-19. Our collaboration seamlessly uses Visa's global network, to empower Ecobank and KQ customers to benefit from the convenience, security and reliability of the Visa brand that is enjoyed by over 3 billion customers worldwide."

Media Contact

Ecobank:[e-mail]

Kenya Airways:[e-mail]

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About Ecobank Kenya

Ecobank Kenya is a commercial bank operating in Kenya since 2008. It is part of the Ecobank Group, the leading independent pan-African banking group. Ecobank Kenya has 16 branches spread across the country. The Ecobank Group employs over 14,000 people and serves about 24 million customers in the consumer, commercial and corporate banking sectors across 33 African countries. The Group has a banking license in France and representative offices in Addis Ababa, Ethiopia; Johannesburg, South Africa; Beijing, China; London, the UK and Dubai, the United Arab Emirates. The Group offers a full suite of banking products, services and solutions including bank and deposit accounts, loans, cash management, advisory, trade, securities, wealth and asset management. ETI is listed on the Nigerian Stock Exchanges in Lagos, the Ghana Stock Exchange in Accra, and the Bourse Régionale des Valeurs Mobilières in Abidjan. For further information please visit www.ecobank.com

About Kenya Airways (https://www.kenya-airways.com/ca/en/)

Kenya Airways, a member of the Sky Team Alliance, is a leading African airline flying to 41 destinations worldwide, 34 of which are in Africa and carries over four million passengers annually.

In 2020 KQ was named Africa's Leading Airline by the World Travel Awards. It continues to

modernize its fleet with its 32 aircraft being some of the youngest in Africa. This includes its flagship B787 Dreamliner aircraft. Kenya Airways provides cargo services to London, Amsterdam, Guangzhou, Sharjah, Mumbai and over 25 intra-Africa routes in addition to its passenger network. The on-board service is renowned and the lie-flat business class seat on the wide-body aircraft is

consistently voted among the world's top 10. Kenya Airways takes pride in being at the forefront

of connecting Africa to the World and the World to Africa through its hub at the new ultra-modern Terminal 1A at the Jomo Kenyatta International Airport in Nairobi.

About Visa Inc.

Visa Inc. (NYSE: V) is the world's leader in digital payments. Our mission is to connect the world through the most innovative, reliable and secure payment network - enabling individuals, businesses and economies to thrive. Our advanced global processing network, VisaNet, provides secure and reliable payments around the world, and is capable of handling more than 65,000 transaction messages a second. The company's relentless focus on innovation is a catalyst for the rapid growth of digital commerce on any device for everyone, everywhere. As the world moves from analog to digital, Visa is applying our brand, products, people, network and scale to reshape the future of commerce. For more information, visit About Visa, visa.com/blog

and @VisaNews.

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