Found 20 results in 828 milliseconds.
US-based fintech LemFi has received regulatory approval from the Central Bank of Kenya (CBK) to operate remittances in Kenya.
remittance, mobile payments, digital wallet, FX , money transfer
Commercial Bank of Kuwait (Al-Tijari) has entered a strategic partnership with Network International to augment its digital banking and payment transformation.
digital banking, digitalisation, fraud detection, tokenization, digital payments
Deloitte Africa explores how Africa's financial sector navigates Open Banking's rise, leveraging tech partnerships, overcoming regulatory gaps, and ensuring data security for inclusive, innovative finance.
Open Banking, Open Finance, regulation, report, fintech, banks
The Central Bank of Kenya (CBK) has become a member of the Pan African Payments and Settlement System (PAPSS).
central bank, settlement, banks, FX
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
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
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
Umba, a Nigeria-based digital bank, has acquired a 66.6% stake in Daraja, a Kenya-based microfinance outfit, as it aims to expand its presence on the continent.
banks, acquisition, merger, digital banking, digitalisation
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
Vlad Macovei, content editor at The Paypers, shares key insights on the state of Open Banking across the globe
Open Banking, Open Finance, data sharing, banks, fintech
treasury, partnership, digitalisation, risk management, API
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
France-based multinational company Thales has announced it is supplying Commercial Bank of Kuwait (CBK) with its Gemalto Trusted Services Hub (TSH).
Commercial Bank of Kuweit, Thales, financial services, mobile payments, contactless payments, Kuwait, MENA, Middle East
KCB, Kenya, Imperial Bank, Central Bank of Kenya, Commercial Bank, banks, banking, Kenya Deposit Insurance Corporation, KDIC, The National Treasury and Planning
Egypt, CIB, Mayfair Bank, Kenya, CBK, bank, market share
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
As fraud cases in Kenya increase, Kenyan banks turn to Swiss Fintech company NetGuardians for its anti-fraud solutions.
online fraud, online security, cyber security, fraud prevention, banks, financial institutions, Kenya, NetGuardians
The Central Bank of Kenya has warned against the use of Bitcoin and other unregulated digital currencies in Kenya.
Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions, Kenya
The value of mobile money transactions in Kenya has amounted to KES 1.94 trillion (approximately USD 21 billion) in the first 10 months of 2014, according to Central Bank payments systems data.
Kenya, mobile money, transactions , central bank, CBK, agents, payments