Payments News » Kenya

Mastercard tests pay as you go for solar energy in Africa

February 26 2018

in
Kenya

“Solar energy is the key to getting power to many parts of Africa, but it is expensive to implement and often difficult for individuals to purchase. So global payments firm Mastercard has teamed up with solar energy company M-KOPA Solar, banks, and mobile network operators to enable payments and commerce for people who don’t have access to banks. […]

Global

Docomo Digital partners with Safaricom to launch Google Play purchases via M-Pesa

February 22 2018

in
Kenya

“Docomo Digital has partnered with Safaricom to give customers the option to pay for content on the Google Play Store using M-Pesa, according to a press release. The integration, which is powered by Docomo Digital’s mobile commerce enabling platform using Google Play’s payment API, enables M-Pesa customers to use the mobile money service to pay for goods and […]

Global

A decade of mobile money in Kenya has ended up fueling e-commerce and other conveniences

February 7 2018

in
Kenya

“In the 5 years that it has been around, M-Shwari has had one of the biggest influences in boosting financial inclusion in the country and elevating the status of M-Pesa entirely. While it is a product offered under M-Pesa, thanks to M-Shwari, even financial institutions that were erstwhile very conservative in their ways, have had […]

Global

Kenya won’t force a spin-off of the world’s leading mobile money service after all

February 26 2018

in
Kenya

“Almost exactly a year ago, a report from an independent consultant to Kenya’s telecoms regulator, sparked uproar and panic. It recommended the government look into breaking up the dominant mobile operator Safaricom by spinning off the even more dominant mobile money service, M-Pesa. Now, the global consulting firm that made that controversial recommendation seems to have […]

Global

Kenya starts review of microfinance banking law

March 5 2018

in
Kenya

“Kenya has started review of the law on microfinance banking as it seeks to increase their role in providing financial services especially to the increasing number of small and medium scale enterprises, the Central Bank of Kenya (CBK) has said.”

Domains

Mobile commerce transactions in Kenya surpass Sh1trn

April 12 2018

“According to the Communications Authority of Kenya (CA), transactions hit Sh1.17trn ($11.6bn) in the second quarter of 2017/18, up 64% from the previous quarter’s recording of Sh714bn (US$7bn). The nation was able to reach the trillion mark despite mobile commerce transactions falling from 352mn in the first quarter to 308mn in the second quarter. “A total […]

Domains

M-Pesa maintains top slot of mobile money space

March 23 2018

“M-Pesa subscribers grew 32 per cent to 22.62 million as at June 2017 from 17.12 million the previous year. For the 2016-17 fiscal year, mobile money services were offered by six operators.”

Global

Barclays Bank Kenya unveils Timiza Mobile Money

March 16 2018

in
Kenya

“Barclays Bank Kenya has unveiled a digital platform known as Timiza – through which customers can access loans, save money, pay for services like an insurance premium, water, buy goods or any other product provided by the bank instantly.”

Domains

Interoperability lifts Equitel’s growth to Sh711bn value of transactions

April 17 2018

“Equity Bank’s mobile money platform Equitel rode on interoperability to grow, processing transactions worth Sh711.5 billion in the three months to December up from Sh650.3 billion in the previous quarter. The value of Equitel’s transactions was Sh350.5 billion, Sh258.9 million for its mobile e-commerce while person-to-person transfer on the platform amounted to Sh102 billion, according […]