Payments News

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Providers

Kenyan Mobile Money Gets Boost in Shift to Seamless Payments

“Kenya’s cellular-phone operators agreed to allow mobile payments across their networks, joining an effort by the central bank to integrate the nation’s payment systems. The first phase of “merchant interoperability” will enable Airtel Networks Kenya Ltd. and Telkom Kenya Ltd. users to pay for goods through Safaricom Plc ’s M-Pesa, the biggest mobile-money platform in […]
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Global

Nigeria Grants MTN Licence for Mobile Money Banking Service

“The Central Bank of Nigeria has approved the licence for MTN’s Mobile Money (MoMo) Payment Service Bank in the country, extending its services to wider banking operations, it was announced on Monday. Mobile money is a growing contributor to MTN Nigeria’s income, and the new banking licence would allow the company to explore growth opportunities […]
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Global

Telkom Kenya Announces Mobile Money Product T-Kash App

“Telkom, a South African wireline and wireless telecommunications provider, announced that Telkom Kenya has launched an app for its mobile money product, T-Kash. A press release from the operator of more than 38 countries across the African continent said that T-Kash App is an easy-to-use application that will enable its customers to access a wider […]
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Providers

The Evolution of Mobile Banking in Kenya

“In Kenya, M-PESA, the mobile money transfer service established in 2007 by Safaricom, is regarded as the first truly successful mobile money service in the world. M-PESA is accredited with introducing financial services to low-income and unemployed persons across the country, unlocking economic opportunities for millions. However, before M-PESA, the Kenyan banking and finance sector […]
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Providers

Vodafone CEO Hints at Spin-off of Mobile Money Platform M-Pesa

“Vodafone Group hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the pandemic. The platform offers peer-to-peer transactions in countries including Kenya, Tanzania, Mozambique, Lesotho. It is now pushing into new financial services like small loans, payroll and savings. Vodafone CEO Nick Read said it’s logical to keep […]