The Central Bank of Kenya has announced that the waiver of fees on mobile money transfers below Ksh. 1,000 will end on 31st December 2020 following a consultation it held with Payment Service Providers ..
The Central Bank of Kenya has announced that the waiver of fees on mobile money transfers below Ksh. 1,000 will end on 31st December 2020 following a consultation it held with Payment Service Providers ..
When President Uhuru Kenyatta appeared to give his first address regarding the COVID-19 pandemic in the country, he directed telco companies to explore ways of deepening mobile money usage to reduce the risk ..
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) ..
Kenyans will now be in a position to remit their social security funds and other payments to the National Social Security Fund (NSSF) through mobile money. NSSF in conjunction with Safaricom has collaborated ..
Facing intense scrutiny in India over the spread of misinformation and fake news on WhatsApp, its parent company Facebook has said it is waiting for a green signal from the government to roll out peer-to-peer ..
M-Pesa customers and agents will now be rewarded in new loyalty promotion launched by Safaricom. The promotion dubbed “Maisha ni M-PESA tu”, will see a customer rewarded every time they send and receive ..
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 ..
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 ..
Pesapal, a Kenyan-based e-commerce platform, has announced the integration of American Express into its payment platform. The integration took place on 27th February, 2017. This means that American Express ..
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 ..
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 has decided not to continue with its regional expansion plans it had announced last year. The bank will henceforth invest on the existing markets. Initially, the bank had raked Sh20 billion ..
Everybody prefers cash in making payments. Why? One is able to own his or her money and a bargain can be placed on the table. On the other end, mobile money gives you few choices when it comes to control. ..
Airtel money and M-pesa offer the same services and to their advantage the target market is huge. Airtel has started yet another drama after they found out that Safaricom is coercing their agents to remove ..
According to a survey conducted by Kaspersky Lab and B2B International, businesses are losing confidence in suppliers. The main reason is the increasing number of IT security incidents that they cause. ..
I&M account holders will now be able to “pull” money from their bank accounts into their Airtel Money Wallets or vice versa. This is following a partnership by the two parties in a bid to increase ..
Every village in the country has an M-pesa agent. Kenya’s leading mobile money transfer system, M-pesa was introduced in 2007 and many people have embraced the service. My neighbors have M-pesa shops, ..
A top tier phone must be affordable. Samsung has amazing brands and not all of them are favorable. The company is now leading in the smartphone market but other tech companies like Apple are improving ..
Business Customers and M-PESA agents will henceforth access their float in real time 24/7 following a partnership between Standard Chartered and Safaricom. The move follows the integration of the M-PESA ..
Satya Nadella has some of the Microsoft’s future plans that are aimed at taking the tech industry by storm. On Monday he said the company will focus on personal computing, reinvention of productivity ..
Microsoft acquired Nokia after they made a sh625 billion deal. The acquisition has disadvantaged many especially the employees, last week Microsoft wrote off the entire deal and fired 7,800 employees. ..
MTN Swaziland has deployed Ericsson Converged Wallet, enabling the operator to quickly introduce relevant, new and differentiated mobile financial services. The deployment will enable operators to quickly ..
Banking is no longer a thing of the financially upright in our society today. You do not need to show up with a title deed and all the weird documentation for you to be counted an account holder. This ..
According to financial analysts, Financial institutions that control their expenses end up with high returns, which is why Kenyan banks with a strong presence in the retail market recorded an increase ..
By just a dial of a short code, Airtel money customers will henceforth be in a position to inquire for KRA services, generate KRA payment reference number (PRN or an e-slip/invoice number) and make quick ..
Safaricom’s CEO, Bob Collymore may be having best intentions in mind for Kenyans in new talks with the teleco’s partner Vodafone, to reduce propriety fees which even after server migration that cost ..
According to Bitpesa CEO, Elizabeth Rossiello, Africa is ready for Bitcoin and she is excited to be right in the middle of it . Listen to her talk about bitcoins, and the work she is doing with Bitpesa ..
Apple didn’t invent mobile payments, but to be honest, it has significantly enhanced them. Since Apple made it far easier to use a computer, listen to music, and communicate on the fly-by, Apple Pay is all about ..
The year 2007 saw the birth of an incredible mobile product M-pesa. Kenya’s banking sector took a complete turn and finally, someone rescued Kenyans from stringent conditions and requirements of banks. ..