Ever since Safaricom introduced MPESA in 2007, the biggest headache it has had is people performing MPESA transactions at MPESA agents’ shops without producing National IDs. This headache increases ..
As someone who has been using PayPal for almost ten years now, the announcement this morning that Safaricom has made a deal with Paypal and TransferTo to enable movement of funds between M-PESA and PayPal ..
What’s your limit for Mshwari loans? Let’s assume it is 10,000. Now, for the next 12 months, I want you to be borrowing the Kshs 10,000 each month as you repay. Each month, you will be paying ..
Barclays Bank of Kenya this morning launched a mobile loan platform meant to serve hustlers on Safaricom network. The launch that was done by Barclays Bank MD Mr. Jeremy Awori and graced by Craft Silicon ..
On the story asking why Wangusi was sent home, I mentioned that Safaricom dominance issue could not be the reason. Since then I have spent a lot of time thinking about the issue of Safaricom dominance ..
The year 2017 will probably be more associated with the forth-coming general elections in Kenya and whatever will happen thereafter but this is also the year M-PESA turned ten. M-pesa was launched ..
You may not have noticed, but MPESA has been having outages in the last two weeks. The outages have been scheduled to happen intermittently to allow for a major MPESA upgrade to take place within the period. ..
Orange Money is no more, this is because Telkom Kenya discontinued the platform; being one the changes the teleco made when it rebranded from Orange to Telkom Kenya. One of the reasons provided for the discontinuation, ..
50% of Kenyans are on MPESA, but the number of Kenyans who pay for goods and services using Lipa Na MPESA are negligible. There are two reasons why you probably don’t pay for anything using Lipa ..
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 mark. This is according to the most ..
Both banking institutions and mobile banking platforms have been under pressure from the business regulator, Communications Authority of Kenya (CA), to make transparent ALL of their charges to the consumer. ..
Commercial banks and telecommunications companies are lagging behind in implementing a directive to disclose all fees on mobile money transactions to the customers. According to the Competition Authority ..
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 of 400.6 million transactions (deposits and withdrawals) ..
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 to one year. The lender will now focus on issuing ..
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 the services any more. When you ask them why they ..
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 the agent network from the competition is what ..
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 the last sector statistics where Equitel doubled ..
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 launched yet another tech product – a mobile ..
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, that is the truth. You will have to pay a certain ..
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 payments to & from Africa with one API’. ..
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 report from the market oversight authority, the Communications ..
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 into launching. MoKash which joins M-Shwari ..
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 and yet you can pay Ksh.1900 or Ksh.950 respectively ..
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 for a while after the MPesa entry. The industry ..
Mobile money has hitherto been for individuals – individual account holders. But starting today, Investment groups, chamas and joint account holders can now withdraw cash from their Equity Bank ..
The Equity Bank’s mobile money platform Equitel is now ready to extend operations beyond Kenya. In a press statement, the regional financial services provider Equity Group announced yesterday that ..
Equity Bank has announced the launch of a loan product meant for Equitel customers to acquire smartphones. The Loans for Smartphones promotion will require the Equitel customers to purchase smartphones ..
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. Mr. Kiplangat, a B.Sc. Education student becomes the youngest ..
Global microfinance leader FINCA and First Access, whose technology predicts the credit risk of borrowers in informal markets, announced a new collaboration that will create the largest and most sophisticated ..
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 in 10 other countries outside of Kenya and these ..