Adoption of smart card technologies in Kenyan Banking Institutions

Abstract

In the past several years technological advances have redefined how, where and when consumers can make payments for goods and services and get banking services. Today millions of people all over the world rely on a variety of payment cards to pay for everything from college tuition and medical bills to supermarket purchases. We are in the middle of a transition from a paper- based money world (including cash, cheque, and other traditional forms of payments) to an e- money world (including credit/debit cards, electronic cheque, as well as online and offline electronic purses, among others) Andrieu (2001)................................................................