NCBA Bank has announced new financing and digital solutions aimed at transforming Kenya’s public transport sector.

The announcement was made on Wednesday, September 10, 2025, during a special engagement with PSV SACCO officials at the Swiss Lenana Hotel in Nairobi.

The bank said it is committed to supporting operators who play a crucial role in connecting people, powering businesses, and driving economic growth across the country.

Speaking at the forum, NCBA Director of Transactional Banking Sally Chege said the event was designed to honour the role of PSV SACCOs and to provide a platform for dialogue on shaping the future of transport.

“In that spirit, today’s forum presents a strategic platform for us to engage, consult and co-create the future of Public Service Vehicle financing,” she said.

Chege introduced Komiut, a cashless fare collection system developed specifically for the PSV sector. She explained that the solution was created after extensive consultation with customers.

“We take great pride in being customer-centric. Our mission as NCBA is to listen, learn and lead with solutions that create value,” Chege said.

“Komiut has been tailor-made for Kenya’s public transport operators, not just as a digital PSV fare collection solution, but as an ecosystem solution built around your PSV needs,” she added.

The digital platform, according to Chege, will improve efficiency and accountability in PSV operations.

“We listened to our customers and responded with a solution that we believe is a true game-changer in the PSV sector; the Cashless Collections Customer Value Proposition, Komiut,” she said.

“The reduced reliance on physical cash leads to improved control, significantly lowering risks such as theft or mismanagement,” Chege added.

She outlined the four key pillars of Komiut as efficiency, security, visibility and empowerment.

“It provides real-time income tracking for immediate sighting of collections and automated reporting and reconciliation,” she said.

In addition to digital solutions, NCBA also announced new PSV Asset Finance products. The bank said the products were designed to offer more flexible and inclusive financing for SACCOs and individual members.

“We have rolled out enhanced PSV Asset Finance solutions designed to empower SACCOs and individual members with more flexible, inclusive, and competitive financing,” James Karinga, NCBA Deputy Director and Head of Asset Finance and Insurance Premium Financing, said.

He said PSV SACCOs can now access up to 90 per cent financing with repayment terms of up to 60 months, while individual SACCO members can access up to 80 per cent financing with repayment periods of up to 48 months.

“We have removed key barriers to credit access. No SACCO guarantees required. No need to pledge SACCO shares. More operators can now grow their fleets with confidence,” Karinga said.

NCBA said it will continue working with transport operators to provide solutions that respond to their unique needs while promoting innovation and growth in the sector.