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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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Stanbic Bank and Mastercard launch premium cards

News | Online & Mobile Banking | 01 Nov 2024

Stanbic Bank Kenya and Mastercard have introduced two new credit cards tailored for the bank’s affluent clientele.

partnership, luxury goods, contactless payments, fraud prevention, financial services

Mastercard signs 10-year agreement with Diamond Trust bank

News | Online & Mobile Banking | 05 Nov 2024

Mastercard and Diamond Trust Bank (DTB) have entered an agreement to introduce targeted digital payment services across Kenya, Uganda, and Tanzania.

partnership, banking, digital payments, tokenization

Kenya clears fraud allegations against Flutterwave

News | Digital Identity, Security & Online Fraud | 06 Feb 2023

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

Nigerian digital bank Umba starts operations in Kenya

News | Online & Mobile Banking | 13 Feb 2023

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

NCBA expands in Ukunda to provide customer banking solutions

News | Online & Mobile Banking | 16 Oct 2024

NCBA has expanded in Ukunda, as part of its strategy of taking the businesses into new sectors of the economy, as well as providing its services to local clients.

expansion, banking, financial services, financial institutions

Central Bank of Kenya upgrades its large payments system

News | Payments General | 13 Apr 2023

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

Safaricom and HELB to disburse loans to M-PESA

News | Mobile Payments | 28 Apr 2023

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

CBK launches QR Code Standard to boost digital payment usage

News | Online Payments | 04 May 2023

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

Flutterwave faces another trial in Kenya

News | Digital Identity, Security & Online Fraud | 13 Mar 2023

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

Unlimit expands in Kenya

News | Online Payments | 07 Jun 2023

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

Safaricom, EDOMx to extend BNPL services to Lipa Na M-PESA businesses

News | Online Payments | 27 Jul 2023

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 suspends Worldcoin activities due to safety concerns

News | Cryptocurrencies | 03 Aug 2023

Kenya’s interior ministry has revealed that it has suspended the activities of cryptocurrency project Worldcoin over safety concerns.

cryptocurrency, blockchain, digital identity, biometrics

Uber, Safaricom partner for M-PESA payments and disbursements

News | Payments General | 03 Aug 2023

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

Safaricom partners with EABL and Vivo

News | Online & Mobile Banking | 10 Jul 2023

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

Moniepoint cleared to acquire Kenyan fintech Kopo Kopo

News | Payments General | 23 Aug 2023

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

CMA approves the Ziidi Money Market Fund from Safaricom

News | Online & Mobile Banking | 28 Nov 2024

The Capital Markets Authority has granted approval to Safaricom PLC to establish the Ziidi Money Market Fund as a Collective Investment Scheme (CIS).

funding, banking, credit access, financial services

Premier Bank and Mastercard launch Shari'ah-compliant cards in Kenya

News | Cards | 05 Dec 2024

Premier Bank, a Kenya-based Islamic financial institution, has partnered with Mastercard to introduce a range of Shari'ah-compliant debit, credit, and prepaid cards.

banks, partnership, debit card, credit card, prepaid card

Kenyan legislative committee to suspend Worldcoin

News | Cryptocurrencies | 03 Oct 2023

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

EDOMx partners with finbotsAI

News | Payments General | 11 Oct 2023

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

Kenya to roll out a digital identification system

News | Digital Identity, Security & Online Fraud | 01 Nov 2023

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