The banking industry's migration to the EMV Compliance Standard has so far been successful. Nearly a year after the adoption of EMV, which introduced Chip and PIN technology as the industry wide standard for payment cards, no card skimming incidences have been reported to Kenya Bankers Association (KBA) by its member banks.
According to Fidelis Muia, KBA Director of Technical Services, the exercise has so far been effective in comprehensively addressing card skimming fraud, creating a market opportunity to promote payment card usage.
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