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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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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

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

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

Interswitch, Credit Bank to launch multi-currency prepaid card

News | Cards | 15 Dec 2020

Nigeria-based digital payments company Interswitch Group has partnered with Kenya-based Credit Bank to launch a multi-currency prepaid card.

InterSwitch, Credit Bank, Kenya, Africa, product launch, prepaid card, multi-currency, Visa, bank account, payments , ATM, mobile money

Prime Bank, SimbaPay launch international money transfer service

News | Online & Mobile Banking | 26 Nov 2020

Kenya-based private bank Prime Bank has partnered with UK-based SimbaPay to launch an international money transfer service.

Prime Bank, SimbaPay, partnership, Kenya, cross-border payments, mobile banking, online banking, mobile wallet, digital integration

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

O-CITY announces initiative to drive contactless payments across bus services in Kenya

News | Mobile Payments | 18 Nov 2020

BPC’s automated fare collection provider O-CITY has announced its initiative to drive contactless payments across bus services in Nairobi, Kenya.

BPC, O-CITY, expansion, Kenya, Africa, contactless payments, COVID-19, NikoDigi, Tracom, M-Pesa, mobile wallet

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

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

Equity Bank secures USD 50 mln IFC-loan for Kenya-based SMEs amid COVID-19

News | E-invoicing, SCF & E-procurement | 22 Jul 2020

World Bank Group member IFC has provided a $50 million loan to Equity Bank Kenya to help small and medium-sized enterprise (SME) clients facing COVID-19 challenges.  

World Bank Group, IFC, Equity Bank, Kenya, Africa, SMEs, loan, lending, COVID19, Kenyan businesses, trade, transport, pandemic, trade chain, value chain, foreign financing flow, tourism revenue

Central Bank Kenya to acquire Imperial Bank

News | E-invoicing, SCF & E-procurement | 27 May 2020

Central Bank Kenya (CBK) has decided to acquire Imperial Bank, which is now under receivership.

KCB, Kenya, Imperial Bank, Central Bank of Kenya, Commercial Bank, banks, banking, Kenya Deposit Insurance Corporation, KDIC, The National Treasury and Planning

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

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

Vodafone completes the sale of M-Pesa to Safaricom and Vodacom

News | Mobile Payments | 16 Apr 2020

Mobile network operator Safaricom and mobile communications company Vodacom have completed the acquisition of mobile money platform M-Pesa from Vodafone.

Vodafone, M-Pesa, Safaricom, Vodacom, mobile network, transactions , Kenya, mobile money, loans, banks, merchant, payments

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

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

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

Safaricom waves charges for M-Pesa users

News | Mobile Payments | 17 Mar 2020

Safaricom has decided to waived charges for M-Pesa, so the mobile money service will now pay zero fees for transfers below USD 10.

Safaricom, M-Pesa, mobile money, P2P transactions

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

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