KCB AND HELB LAUNCH SMART CARD

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By Amon Bett
KCB and the Higher Education Loan Board (HELB) yesterday launched a student smart card which is aimed at making the process of loan disbursement easier.
HELB will be discounting the use bank accounts to access loans for students from June 2015. students are advised to get their cards in time so as not to miss out on their HELB loans. The new card is a Near Field Communication enable card which is a digital wallet. For the KCB HELB card which has 12 wallets students will be able to access tuition, general purpose and upkeep.
The wallets will be locked meaning students will not be
able to use their tuition money to buy meals or alcohol

as they have previously done. The wallet. will used only
to pay University fees. The upkeep money will be used
to pay for services at the university by swiping the cards.
 The only money students will be able to enjoy is the general
purpose money. Students can access this cash through
KCB branches, Mtaani and MPESA agents .
The card will also be used as photo ID for student identification.

Comments

  1. Unknown10 March 2015 at 07:50

    This is limiting us so much, we need the money to run other important projects we do not only misuse it but also we use it for other important purposes. This is what I call the Captivity of Negativity.

    ReplyDelete
    Replies
    1. Amon Bett11 March 2015 at 12:52

      Yes The Editor. But major problem is misuse of helb money

      Delete

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