The Central Bank of Kenya (CBK) has announced that Kenya shillings 1000 will be the new minimum threshold for negative credit information that lenders will submit to the Credit Reference Bureaus (CRB) ..
The Central Bank of Kenya (CBK) has announced that Kenya shillings 1000 will be the new minimum threshold for negative credit information that lenders will submit to the Credit Reference Bureaus (CRB) ..
Telco company Safaricom PLC has today waived fees on the Mobile Money Transfer, MPESA for transactions below Ksh1,000 following the coronavirus pandemic that has threatened to bring the planet down to its knees ..
Finserve (or rather equitel), partnered with Equity Insurance and Britam Microinsurance to offer monetary compensation of Equitel Subscribers in case of hospitalization. The Insurance cover going the name ..
Kipchoge, the first human who intends to run a marathon in under 2 hours, will be MPESA’s brand ambassador. To celebrate this, MPESA has rebranded. To help Kenyans with celebrating Kipchoge’s ..
MPESA, the single most important product that has made Kenya be seen as leader in tech, has been recognized amongst the top most important financial products in the last 50 years. The recognition was made ..
NilePay PLC, the leading Electronic Financial Services Company partnered with Zain South Sudan to launch the first licensed mobile money service in South Sudan dubbed NilePay Mobile Money. The partnership ..
The latest financial service App, integrated with social and lifestyle features, complete with its own keyboard, has been up and running for well over three weeks now. In the course of the almost one month ..
Have you ever tried a keyboard for your Android device other than the phone’s stock keyboard? Probably not. This I say because every single human who has ever given me her phone for things like inputting ..
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 ..