ElectraCard Services' electraDEBIT™ powers the debut of MasterCard® debit cards in Kenya for Southern Credit Banking Corporation

- SCBC, a dominant player in the credit card business in Kenya, now ventures into debit card market

Pune, 10th September 2009: electraDEBIT, an ElectraCard Services' offering, is now providing technology to Southern Credit Bank's MasterCard debit card, the first MasterCard® debit card in Kenya. ElectraCard Services, a leading provider of software solutions for electronic payment systems, has provided this product to Southern Credit Banking Corporation's (SCBC) flagship brand, 'Senator Cards'.

SCBC has dominated the credit card market in Kenya with the Senator Cards brand. Senator Cards were the first charge cards in Kenya. Today the brand commands a substantial share of the card business in Kenya under Visa®, MasterCard® and the Senator Private Label for local use. electraDEBIT, as technology partner, will facilitate ease and convenience of transactions to SCBC customers at more outlets.

Speaking on this occasion, Mr. Ramesh Mengawade, CEO, ElectraCard Services said, "The Southern Credit Bank MasterCard® debit card will help the customers of SCBC to transact anywhere in the world. electraDEBIT will not only assist the Southern Credit Bank Corporation to provide more convenience to its customers but also help them strengthen their position as a market leader in electronic payment solutions."

Source : Equity Bulls

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