All News and Announcements
Kenya’s Mobile Money Use Hits Record High in October Amid COVID-19 Pandemic
Kenyans transacted 528.9 billion shillings (about $4.9 billion) on their mobile phones in October as usage rose considerably amid the COVID-19 pandemic, new Central Bank of Kenya data showed.
O-CITY Enters Kenya to Drive Contactless Payments Across Matatu Bus Service
Up to 10,000 buses to become cashless with O-CITY's M-Pesa-based ticketing solution.
Huawei Cooperates With Kenya Bankers Association To Expand Financial Inclusion
The Kenya Bankers Association will work with Huawei to spearhead industry-wide education in fintech innovation, digital transformation, and other ICT-related programs.
COVID-19 Crisis Lifts Kenya's Mobile Money Usage to $4.2 Billion a Month
The huge surge is attributed to a government measure instituted to curb COVID-19 spread by encouraging the use of mobile money payments.
United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
Visa and TerraPay Partner to Drive Domestic Remittances
TerraPay and Visa have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments in Kenya and global remittances to Kenya.
World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap and Support Kenya’s Economy
Kenya has undertaken policy reforms that directly benefit many low-income Kenyan households.
Kenya: Banks, Mobile Money Agents Are Counting Losses
In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.
List of Digital Lenders Denied CRB Access by Central Bank of Kenya
The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?
Fintech Credit Provider 4G Capital Adjusts Business Operations to Cope with Coronavirus Outbreak
Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda.