3.35trillion. This is the amount of money moved via mobile money transfer in the last one year. This represents a 20% growth from the previous year to hit the 3trillion ..
Both banking institutions and mobile banking platforms have been under pressure from the business regulator, Communications Authority of Kenya (CA), to make ..
Commercial banks and telecommunications companies are lagging behind in implementing a directive to disclose all fees on mobile money transactions to the customers. ..
The total number of mobile money transfer subscriptions stood at 31 million during Q3 2016 while the number of mobile money agents stood at 169,698. A total ..
Equity Bank is putting on hold the Eazzy Plus Loans. Eazzy Plus Loan was attractive due to the fact that consumers could apply for loans payable in two months ..
It is really frustrating when you have to move around trying to locate an Airtel Money agent. Some of the shops branded as Airtel Money agents do not offer ..
Why do you have to pay money to send money? That is a question that has been posed a number of times but somehow eluded the ears of the target group. Maybe ..
Slowly but surely Equitel is taking over the mobile money business – or at least it will soon offer formidable competition to MPESA. Take for example ..
It’s true that technology and Equity Bank have brought disruptions in the banking sector in Kenya, and to continue with the momentum, Equity Bank ..
Most individuals in Kenya use M-Pesa to send money to friends, family and acquaintances. The downside of this is that Safaricom double charges you. Yes, ..
Flutterwave, a startup that wants to make it big in Africa has set its inroads in Kenya’s already busy fintech playing field. Flutterwave hopes to ‘process ..
Equitel money, the mobile transfer service from Equity Bank, has doubled its value of transactions in the mobile money business in three months. The latest ..
MoKash a replicate of the successful M-Shwari service which has been operational in Kenya since 2012, has registered over 600,000 users less than two months ..
The UnlimiNet deal is already sweet as it is. But what if I told you it gets even sweater. Why pay Ksh.2000 or ksh.1000 for the UnlimiNet Monthly offer ..
Jumia to get in the payments processing industry with Jumia Pay I’d say the payments processing industry in Africa, and specifically Kenya has been quiet ..
Mobile money has hitherto been for individuals – individual account holders. But starting today, Investment groups, chamas and joint account holders ..
The Equity Bank’s mobile money platform Equitel is now ready to extend operations beyond Kenya. In a press statement, the regional financial services ..
Equity Bank has announced the launch of a loan product meant for Equitel customers to acquire smartphones. The Loans for Smartphones promotion will require ..
24 Year old Leonard Kiplangat, a 4th year student at Moi University, has emerged as the KShs. 5 million winner in the Stawisha Na M-Shwari promotion. ..
Global microfinance leader FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration ..
Everybody uses MPESA in Kenya, but that doesn’t mean that the service is welcomed in every other country. Currently, MPESA boasts of being present ..
Benjamin Wafula from Chekata, Kakamega County, W. Wanyingi from Nairobi County and Evans Ochieng from Kitui County are the winners of the first, second ..
If you live in Nairobi, it is cheaper to stack shs 100,000 in a brown envelop, get into a vehicle, and deliver it to someone in Nakuru than use M-PESA ..
MPESA Growth has continued to accelerate since the launch of the service in Kenya back in 2007. A few years later, MPESA started venturing into other countries ..
Mobile Money has brought with it several savings and loaning products, and through Mobile Apps, the loaning products have taken a new angle. Peer to peer ..
Safaricom subscribers will now be in a position access their monthly M-PESA statements free of charge via email. The new development by the company has been ..