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, Kenya, Africa, product launch, bill management, mobile payments
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
Kenya Central Bank, Open Banking, CBK, digitalisation, payment, regulator, API, Development, API specifications
InterSwitch, Credit Bank, Kenya, Africa, product launch, prepaid card, multi-currency, Visa, bank account, payments , ATM, mobile money
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, 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
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
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
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
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
KCB, Kenya, Imperial Bank, Central Bank of Kenya, Commercial Bank, banks, banking, Kenya Deposit Insurance Corporation, KDIC, The National Treasury and Planning
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, ecommerce, Twiga Foods, Kenya, JumiaPay, app, COVID-19
Vodafone, M-Pesa, Safaricom, Vodacom, mobile network, transactions , Kenya, mobile money, loans, banks, merchant, payments
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-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
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 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
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
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