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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Nigeria-based fintech Flutterwave has reportedly been cleared of money laundering allegations which were levelled against it by the Assets Recovery Agency (ARA) in Kenya.
fraud detection, online fraud, money laundering, PSP, transaction fraud, payment fraud, regulation, payments , cybercrime, asset recovery, fintech, money transfer, banking
Nigeria-based digital bank Umba has announced it now operates in Kenya as it begins to expand across the continent.
digital banking, digitalisation, expansion, mobile banking, payments
Mono, a Nigeria-based fintech that builds Open Banking infrastructure that enables access to customer financial data and bank payments for digital businesses in Africa, has expanded to Kenya as it begins its post-funding continent-wide rollout.
expansion, fintech, Open Banking, financial data, banks
A Kenyan High Court has frozen 56 bank accounts belonging to Flutterwave and other businesses connected with Nigerian nationals over money laundering allegations.
fraud management, money laundering, AML, regulation, credit card fraud
The Central Bank of Kenya has upgraded its Kenya Electronic Payment and Settlement System (KEPSS) by migrating the platform to new standards.
payments , central bank, banks, product upgrade, digital payments
Kenya-based neobank 4G Capital has partnered with German SaaS provider Mambu in order to expand the former’s customer base across Africa.
partnership, cloud banking, cloud payments, fintech, neobanks, challenger bank
Kenya-based communication solutions company Safaricom and the Higher Education Loans Board (HELB) have partnered to launch the HELB mobile wallet and HELB M-PESA mini app.
product launch, mobile payments, lending, digital wallet, partnership
The Central Bank of Kenya (CBK) has announced the launch and implementation of the Kenya QR Code Standard 2023 to increase the usage of digital payments.
product launch, payments , digital payments, digitalisation, QR code, QR payments, payment methods, PSP, banks, card scheme, fintech, financial services, banking, mobile money, POS, ecommerce, Issuer, financial inclusion
Nigeria-based fintech Flutterwave has been involved in another fresh trial in Kenya, shortly after its first case was solved.
AML, fintech, central bank, fraud detection, regulation
Global fintech company Unlimit (previously known as Unlimint) has expanded its services into the Kenyan market, after receiving a Central Bank of Kenya licence.
expansion, mobile payments, online payments, digital payments, ecommerce
Africa-based telecommunication company Safaricom and US-based lending provider EDOMx have partnered to extend BNPL to Lipa Na M-PESA businesses.
partnership, BNPL, ecommerce, retail, marketplace, financial inclusion, digital payments, digitalisation
Kenya’s interior ministry has revealed that it has suspended the activities of cryptocurrency project Worldcoin over safety concerns.
cryptocurrency, blockchain, digital identity, biometrics
Communication solutions company Safaricom has announced a partnership with Uber that is set to enable Kenya-based riders to pay for trips through the mobile money service M-PESA.
partnership, payments , paytech, fintech, payment methods, mobile money, mobile payments, financial inclusion
Kenya-based communication solutions company Safaricom has partnered with EABL and Vivo to launch the Bar and Shell apps on the M-PESA application.
partnership, payments , online payments, digital payments, mobile payments
The competition ombudsman in Kenya has allowed Moniepoint to buy Kopo Kopo, a Kenya-based provider of payment services and credit to businesses.
acquisition, expansion, regulation, digital payments, mobile payments
A Kenyan legislative committee has recommended the termination of Worldcoin in the East African country.
cryptocurrency, crypto asset, cryptocurrency exchange, regulation, data protection, data privacy
US-based lending provider EDOMx has partnered with B2B SaaS fintech finbotsAI to enable credit risk management using AI.
credit scoring, lending, partnership, financial inclusion, artificial intelligence
The government of Kenya has revealed its plans to introduce a digital identification system in December 2023 following a testing period.
identity verification, digital identity, regulation, identity fraud
iPay has announced its partnership with Visa in order to introduce the latter’s Tap-to-Phone technology to simplify digital payments for customers in Kenya.
partnership, digital payments, payments , online payments, mobile payments, remittance, money remittance, ecommerce
Vienna Payment Solutions has partnered with Interswitch East Africa (Kenya) to improve payment solutions for financial institutions, retailers, and hospitality industry participants.
mobile payments, POS, partnership, contactless payments, payments , payment methods