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Discover all the payments and fintech-related news and analysis about Kenya in The Paypers News, Reports, along with other Kenya-specific insights on the payments and fintech industry:

Discover all the payments and fintech-related news and analysis about Kenya in The Paypers News, Reports, along with other

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Mobile money overpowers card payments in Kenya

News | Mobile Payments | 20 Jan 2021

Top banks in Kenya have raised a red flag over an expected significant drop in net earnings of USD 11 mln for the year 2020, due to the rise of mobile money.

mobile money, card payments, COVID-19, telcos, banks, Kenya, mobile payments

Visa, Safaricom team up on M-Pesa, payments, and tech

News | Online Payments | 04 May 2020

Visa has teamed up with Kenyan telecom Safaricom, operator of the M-Pesa mobile money product, on payments and tech.

Visa, Safaricom, M-Pesa, payments , tech, financial inclusion, fintech, mobile payments, Kenya, ecommerce, merchants

Safaricom launches M-Pesa bill management service

News | Mobile Payments | 28 Jan 2021

Kenya-based telco operator Safaricom has announced the launch of an M-Pesa bill management service.

Safaricom, Kenya, Africa, product launch, bill management, mobile payments

Central Bank of Kenya releases plan to implement Open Banking

News | Online & Mobile Banking | 13 Jan 2021

The Central Bank of Kenya (CBK) has released a draft document outlining a five-year digitalisation plan to modernise the country’s domestic payment landscape, according to fintechnews.ae

Kenya Central Bank, Open Banking, CBK, digitalisation, payment, regulator, API, Development, API specifications

Creditinfo launches scorecard solution for SMEs

News | Payments General | 26 Jul 2021

Creditinfo, a credit information and decision analytics provider, has launched a scorecard solution tailored for small to medium-sized enterprises (SMEs).

product launch, SMEs, data

Kenya Airways facilitates contactless payments at Jomo Kenyatta International Airport

News | Mobile Payments | 23 Aug 2021

Kenya Airways has announced the implementation of contactless transactions to enhance customer and staff health and safety priorities in the wake of the COVID-19 pandemic.

contactless payments, mobile payments, credit card, debit card, COVID-19

Prime Bank, SimbaPay to launch international money transfer service

News | Online & Mobile Banking | 10 Nov 2020

Kenya-based Prime Bank has partnered with UK-based FinTech SimbaPay, to launch an instant international money transfer service via the bank’s digital platform PrimeMobi.

Prime Bank, SimbaPay, product launch, PrimeMobi, Kenya, mobile banking, partnership, digital banking

Telkom Kenya to develop youth-focused digital wallet

News | Mobile Payments | 15 Apr 2021

Telkom Kenya has announced that it will develop a youth-focused digital wallet in a bid to boost financial inclusion during the pandemic.

e-wallet, financial inclusion, mobile payments

4G Capital raises USD 18.5 mln in Series C

News | E-invoicing, SCF & E-procurement | 21 Mar 2022

Kenya-based fintech company 4G Capital, which provides unsecured credit to micro enterprises, has raised USD 18.5 million in Series C funding from private equity firm Lightrock.

funding, SME lending, growth markets, digital payments

Fintech Layer partners with UBA for digital banking in Kenya

News | Online & Mobile Banking | 15 Jun 2021

Digital banking platform provider Layer has partnered with United Bank for Africa (UBA) to fuel its digital transformation in Kenya. 

partnership, digitalisation, fintech, digital banking

Jumia, Twiga team up on produce in Kenya

News | Ecommerce | 30 Apr 2020

Ecommerce company Jumia and B2B agtech startup Twiga Foods have partnered to deliver produce in Kenya.

Jumia, ecommerce, Twiga Foods, Kenya, JumiaPay, app, COVID-19

Safaricom partners public transport players to accept payments through M-PESA

News | Mobile Payments | 31 Mar 2020

Safaricom has rolled out a partnership with public transport sector players to accept cashless payments through M-PESA in the ongoing battle to combat the spread of the Covid-19.

Safaricom, M-Pesa, COVID-19, cashless, transport

Airtel waives fees for all mobile money transfers in Kenya

News | Mobile Payments | 18 Mar 2020

India-based telco Airtel has announced that it will waive all person to person transaction fees for Kenyan Airtel Money customers for the next 90 days.

airtel, money transfer, money transfer fee, telco, mobile payments, Kenya, India, Africa, COVID-19

Pan-African digital bank for Africans Carbon launches in Kenya

News | Online & Mobile Banking | 23 Dec 2019

Carbon, a consumer-facing lending platform by Nigerian parent company, OneFi, has announced its launch in Kenya.

Carbon, Nigeria, OneFi, Kenya, East Africa, TransUnion CRB, M-Pesa, digital-only banking platform, digital banking, Africa, utility bills, money transfer, minute loan services, cashback, loan top-ups, Amplify

Kenyans can now use mobile payments for gambling

News | Mobile Payments | 23 Oct 2020

The Kenya National Assembly’s Sports, Culture and Tourism Committee has announced that mobile payments can now be accepted by gaming operators.

mobile payments, Kenya, gambling, Gaming Bill 2019, card payments, gaming

Cellulant, Entersekt team up to fight banking fraud

News | Digital Identity, Security & Online Fraud | 24 Nov 2020

Cellulant, a gateway to online and mobile payments in Africa, has partnered with Entersekt to protect banking applications used by its customers.

Cellulant, Entersekt, partnership, mobile app, lending, banking fraud, authentication

Standard Chartered expands B2B marketplace in Kenya

News | Payments General | 04 Mar 2022

Standard Chartered has announced getting into the ecommerce space in Kenya with the expansion of Solv, their Business to Business (B2B) marketplace first launched in India in 2020.

expansion, product launch, BNPL, digital banking, fintech, SMEs

Sokowatch raises USD 14 mln to digitize Africa's informal B2B supply-chain

News | E-invoicing, SCF & E-procurement | 25 Feb 2020

Kenya  based B2B ecommerce startup Sokowatch has raised USD 14 million in Series A funding to revamp supply-chain markets for Africa’s informal retailers.

 

Sokowatch, funding round, Series A funding, Unilever, Proctor and Gamble, B2B ecommerce startup, supply chain finance, access to capital, B2B payments, Kenya, Rwanda, Tanzania, Uganda, Africa

Kenya turns to M-Pesa mobile-money to stem the spread of COVID-19

News | Mobile Payments | 18 Mar 2020

Kenya-based telco Safaricom has announced implementing a fee-waiver on East Africa’s mobile-money product, M-Pesa.

Safaricom, M-Pesa, telco, partnership, direct carrier billing, mobile payments, Africa, mobile money usage, P2P transactions, digital finance, payments

OpenWay adds two partners to its network

News | Payments General | 29 Mar 2022

Belgium-based OpenWay, a digital banking and payment software provider, has announced two new partners in East Africa – TechNote, along with iCon Transactions and Tracing Technologies (iT&TT).

partnership, digital banking, digital payments, financial services, EMV