Kuda Users Can Now Use a Virtual Card.

Kuda MFB is set to launch a SoftPOS feature.

One of the most popular Microfinance Banks headquartered in Nigeria, Kuda which was launched in 2019 has recently made an update and upgrade to the service it offers.

The latest update of the Microfinance Bank is that the MFB is set to launch a SoftPOS feature that will allow users to perform POS transactions with their mobile phones and tablets using a virtual card. Prior to now, users were able to receive money using a visa card issued by Kuda delivered to their locations.

More details are yet to come about this softpos feature, but users will still be able to use their physical cards to carry out seamless transactions when they're not with their phones.

Another update which has been announced by Kuda MFB is that they'd be putting an end to the 25 monthly free transfers which they offer to their customers. 

Kuda customers will now be mandated to pay a small fee when they transfer money from their Kuda account to any other account - Kuda to Kuda inclusive. This will take effect later this month.

The 25 monthly free transfers feature has been there since Kuda launched in 2019. 

Here are few of the top microfinance banks you can try out also if you'd want to open a MFB in no specific order;

√ Kuda.

√ Opay.

√ Palmpay.

√ Lapo.

√ VFD

√ BOI

√ Accion

Most of these Microfinance Banks empower Small and Medium Enterprises creating mini entrepreneurs.