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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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 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, Kenya, Africa, product launch, bill management, mobile payments
Kenya Central Bank, Open Banking, CBK, digitalisation, payment, regulator, API, Development, API specifications
product launch, SMEs, data
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
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
e-wallet, financial inclusion, mobile payments
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
partnership, digitalisation, fintech, digital banking
Jumia, ecommerce, Twiga Foods, Kenya, JumiaPay, app, COVID-19
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
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
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
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, 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 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
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-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
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