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BK Arena Prepaid Card eases access to financial services for unbanked youth

By IGIHE
On 13 août 2022 at 12:00

BK Group recently entered into partnership with QA Venue Solutions which has seen the iconic Kigali Arena change its name to BK Arena. This partnership came at a time when Bank of Kigali is looking to aggressively reach the youth.

In light of this development, BK has unveiled a new flagship product called BK Arena Prepaid Card that will allow the unbanked youth to easily load money onto a prepaid wallet that can be used like any other bank card. To make the BK Arena card easier to acquire, BK accounts will not be a prerequisite to own a card.

The prepaid card will enable holders to have special benefits at BK Arena including discounts on tickets, foods and beverages inside BK Arena. They will also participate in raffle draws and benefit from periodic promos among others.

The card which costs Rwf5000 will be loaded in Rwandan Francs but the customer has options to make payments for any currency both domestically and internationally.

The BK Arena Prepaid Card can be loaded through Internet Banking, BK branches, MTN Wallet. In the near future, the lender also seeks to enable customers to load the card using BK-agents, BKApp (Mobile Banking) as well as USSD/ mobiserve.

It is available at any BK Branch and BK Arena. The card which is valid for thirty-six (36) months or 3 years is given to an adult customer having a valid National ID or Passport.

Among others, the BK Arena Prepaid Card has numerous features and benefits. For instance, it does not require one to have a bank account and identifies customers using their national ID or Passport.

It is issued instantly at any BK-Branch or at the BK-Arena and can be loaded free of charges at any BK-branch, on IB, or through mobile money wallet.

With the card, Payments on POS and online are, Free PIN selection and PIN change are free.

It serves different purposes where the holder can use the card on a tap & go POS and other devices accepting card payments.

A holder can access free instant SMS and email notification for every transaction

Apart from being safer than cash (chip and PIN & OTP for online transaction), the BK Arena Prepaid Card helps customers to get better management of their funds and control spending.

The card is acceptable worldwide on ATM, POS and online, provides access to over 3,000 POS merchants in Rwanda, access to over 200 ATMs in Rwanda and high limits at the ATM, POS and online.

The BK Arena Prepaid Card can be loaded through Internet Banking, BK branches, MTN Wallet.

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