Articles with tag like: Kenya

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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

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

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

Payment methods in 2020 – The global overview

Voice of the Industry | Online Payments | 26 Oct 2020

Alexandra Constantinovici, senior editor with The Paypers, drills down on the most relevant updates in the global payments industry, with focus on key particularities from each geography. 

payment methods report, The Paypers, payment methods, online payments, mobile payments, cashless society, QR payments, pay later solutions, Asia, US, UK, Spain, The Netherlands, Southeast Asia, Africa, Kenya, Nigeria, LATAM, Brazil, Mexico, Japan, Singapore, ecommerce, online commerce, Unified Payment Interface, tap-on-phone, POS, mobile PoS

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

Network International Holdings to acquire DPO Group for USD 288 mln

News | Online Payments | 12 Oct 2020

UAE-based digital payments firm Network International Holdings has announced that it’s still on track of acquiring the Kenya-based DPO Group for USD 288 million.

Network International Holdings, DPO Group, acquisition, UAE, Kenya, PSP

Jumia partners with Airtel Kenya for mobile payments

News | Mobile Payments | 01 Oct 2020

Nigeria-based marketplace Jumia has announced a new partnership with telco Airtel Kenya to enable consumers to complete online transactions using Airtel Money. 

Jumia, Airtel Kenya, Airtel Money, partnership, Kenya, Nigeria, Africa, marketplace, telecommunications, telco, mobile payments, mobile app, mobile transactions, financial inclusion, COVID-19, coronavirus, online checkout, Ghana, Uganda

US-based Flywire, Mastercard partner for cross-border tuition payments

News | Payments General | 17 Sep 2020

Vertical payments company Flywire has partnered with Mastercard to provide students with discounted foreign exchange rates on cross-border tuition payments made with Mastercard. 

Flywire, MasterCard, cross border payments, tuition payments, foreign exchange, FX , vertical payments, International Payments, international students, UAE, Saudi Arabia, Qatar, Kuwait, Kenya, Ghana, preferred payment method, international tuition, local currencies, credit cards, debit cards

ARO, Fiserv partner for card management and processing in Africa

News | Cards | 04 Aug 2020

Payments fintech Fiserv has announced a partnership with Absa Regional Operations (ARO) to support credit card management and processing in nine African nations. 

Absa ARO, Fiserv, card management, card processing, Africa, Absa Regional Operations, card platform, Barclays, Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, Tanzania, Uganda, Zambia, FirstVission, processing, risk management, loyalty programme, card issuing, API, application development

Airtel Africa, Mukuru partner to enable cross-border payments within Africa

News | Mobile Payments | 28 Jul 2020

Telecommunications and mobile money services company Airtel Africa has partnered with Mukuru to enable its customers  cross-border payments.

airtel Africa, Mukuru, cross-border payments, Africa, Airtel Money wallet, mobile wallet, kiosks, Malawi, Zambia, Uganda, Tanzania, Kenya, Democratic Republic of Congo.

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

Uber, Flutterwave partner to launch Uber Cash in Africa

News | Mobile Payments | 10 Jun 2020

Uber has partnered with US-based fintech company Flutterwave to launch its Uber Cash digital wallet feature in Africa.

Uber, Flutterwave, launch, Africa, digital wallet, Barter payment app, Visa, South Africa, Kenya, Nigeria, Uganda, Ghana, Ivory Coast, Tanzania, Nigeria, unbanked populations, mobile money

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

Egypt's CIB expands presence in Kenya by acquiring majority stake in Mayfair Bank

News | E-invoicing, SCF & E-procurement | 28 Apr 2020

Egypt-based Commercial International Bank (CIB) has received the regulatory nod from the Central Bank of Kenya (CBK) to acquire a 51% stake in Kenya-based Mayfair Bank.

Egypt, CIB, Mayfair Bank, Kenya, CBK, bank, market share

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