Family Bank partners with SimbaPay to launch instant money transfers to WeChat

Family Bank has partnered with London-based financial technology firm SimbaPay to launch an instant money transfer service from Kenya to China through WeChat. Over seven million customers and businesses in Kenya will now access SimbaPay’s international money transfer service to send money to China’s WeChat Pay from Family Bank’s PesaPap mobile banking application and USSD […]

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Orange and MTN launch mobile money interoperability across Africa

Orange and MTN Group have announced a joint venture, Mowali (mobile wallet interoperability), to enable interoperable payments across the continent. Mowali will make it possible to send money between mobile money accounts issued by any mobile money provider, in real time and at low cost. Mowali will immediately benefit from the reach of MTN Mobile […]

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Betting industry emerging as a major player in the mobile money industry

Kenyans transacted over Kes.960 billion through mobile money in the first three months of 2018. This is according to data from the Central Bank of Kenya released in July. The increase in mobile money transactions according to the Central Bank was partly driven by mobile phones as many Kenyans continue to borrow loans through services […]

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Sh.960 Billion Transacted Through Mobile Money In The First Quarter Of 2018

Kenyans transacted over Sh 960 billion through mobile money in the first three months of this of this year. According to data from the Central Bank of Kenya, a total of Sh 322 .9 billion was transacted via mobile money in the month of January, Sh 300.8 billion in February and Sh 337.1 billion in […]

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Myriad Connect Solutions launches in Kenya to combat mobile transaction fraud

Mobile technology solutions company Myriad Connect Solutions has launched in Kenya to combat digital transaction fraud. Unveiled yesterday, the company says it will provide out of band authentication and SIM Swap services that secure digital and mobile transactions and protect consumers and financial services alike. According to Fabien Delanaud, GM of Myriad Connect, as the […]

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Here are the new M-Pesa transaction charges effective July 1st 2018

You will now have to dig deeper into your pockets starting today, July 1 when sending money via M-Pesa. Safaricom has announced new charges for the money transfer service, of course, this comes after Treasury CS Henry Rotich during his budget reading announced that customers would now be charged 12 percent up from 10 percent of […]

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Cross network mobile money transfer to start next week on Tuesday

Mobile money users in the country will from next week Tuesday be able to send and receive money from across the different networks without extra charge. This follows the completion of the two-month interoperability pilot carried out between Safaricom and Airtel which started in January. In a statement, Safaricom, Airtel, and Telkom say the launch […]

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Jim Rogers: Cashless Africa – A dream tech investment

It took the chance encounter of being held hostage in the Congo in the 1990s to awake in James Beeland Rogers Jr. (the Singapore-based veteran investor, businessman, adventurer, and author), a realization of the great future that awaits Africa.   “When you are that close to the ground, you can see what is false, what […]

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Mobile Money users in Kenya to start sending money across networks in March.

Safaricom and Airtel will on Monday 22nd January pilot mobile money interoperability across their networks awaiting the full roll-out in March. This announcement was made today by ICT Cabinet Secretary Joe Mucheru, during a stakeholders meeting on mobile financial services interoperability held at Ministry of Information Communications and Technology (MOICT) Headquarters at Teleposta House. The […]

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Opinion: Who’s ready to Adopt Digital Financial Services?

By Ben Leo, CEO of Fraym African consumers are the global leaders in the adoption of digital financial services like mobile money. Yet traditional banks and emerging digital providers both continue to grapple with how to expand financial inclusion.  It can be expensive and difficult for financial services providers to figure out the most useful product […]

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Kenyans abroad are the biggest senders of mobile to mobile remittances

Kenyans in the diaspora are the biggest senders of digital remittances to mobile accounts. This is according to new data released by WorldRemit to mark the 10th anniversary of ground-breaking mobile money service M-PESA. The data shows that transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that […]

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Airtel Money Upgrades its System, Doubles Agents Base

Airtel Money, the mobile payment platform for telecommunications operator Airtel, has doubled its Active Agent base in Kenya to 22,000 from 10,000. This, the company says is in a bid to enhance customer reach and satisfaction. The Airtel Money system was also upgraded in September 2016 to enable customers to access real time payments processing […]

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Cellulant’s Ken Njoroge (pictured right) with the winners of the African FinTech 2016 in Johanesburg, South Africa at the conclusion of the Awards.

Cellulant beats Mpesa to win Best Payments and Transfers Company Award at African FinTech 2016

Pan-African mobile commerce company Cellulant, emerged the winner of the Payments and Transfers category in this year’s African FinTech 100 Awards. The company received the award at a ceremony held in Johannesburg, South Africa last week. Cellulant which has its headquartered in Nairobi was among the more than 100 FinTech companies shortlisted for the Africa […]

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MoneyGram Partners with Econet Wireless to allow international money transfer via Zimbabwe’s EcoCash

MoneyGram and Econet Wireless yesterday launched a new service that will enable customers from more than 200 countries and territories worldwide to transfer funds via EcoCash, Zimbabwe’s leading mobile money transfer solution. The new offering means that more than 4.9 million EcoCash subscribers and MoneyGram customers can  receive funds across the EcoCash network at any time, […]

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Mobile Money: Beyonic Partners with Mobile Accord to Expand Further into Africa

Beyonic , a technology company that aims to eliminate the rampant use of cash in emerging markets has announced a new partnership with Mobile Accord aimed at making Beyonic the largest mobile money aggregator in Africa. Beyonic’s online platform enables businesses to quickly deploy, track and manage 2-way mobile money payments over multiple mobile carriers […]

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Mobile Money: Nigeria to host #RemitAfrica2015 Conference

This year, Nigeria will play host to the REMITAFRICA2015 conference, a mobile money conference organized by MobileMoneyAfrica. The conference, which will be held on November 4th to November 5th in Lagos will bring together remittance providers and stakeholders such as money transfer operators, financial services providers, financial technology providers, vendors, agent network operators, mobile financial […]

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Interview: The evolving role of E-commerce in the travel industry

The most amazing aspect of e-commerce is its ability to impact sales and marketing efforts immediately, however, the uptake of e-commerce is still on its infant stages in most African countries. The main challenge facing e-commerce in Africa is the quick adoption of mobile money. Kenya is not different, even with the country having an […]

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You can now pay your taxes via Airtel Money

Airtel Kenya has now made it possible for Kenyan citizens across the country to inquire for KRA services by using Airtel Money. By simply dialing the short code *572#, users will now be able to generate KRA payment reference number (PRN or an e-slip/invoice number) and even make quick simple payments through Airtel Money. This new […]

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Mobile Money: Ingenico Group wins ‘Financial Inclusion Platform of the Year award

Ingenico Group the global leader in seamless payment has won the ‘Financial Inclusion Platform of the Year’ Award at the 5th edition of the annual Mobile Money Expo held  in Lagos, Nigeria, The company was recognized for its Financial Inclusion initiatives across Africa. The company also received the Awards for ‘Best Mobile Money/Card Combination’ and‘Best […]

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Orange partners with Airtel to enable international money transfers between Côte d’Ivoire and Burkina Faso

Orange Money in Côte d’Ivoire will now be able  to use their mobile phones to send money to customers of Airtel Money in Burkina Faso, and vice versa. This follows a partnership between Orange  and Airtel which for the  first time will enable Orange customers,  to send and receive money to or from people based […]

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Vodafone launches M-Pesa payments between Tanzania and Kenya

Vodafone has launched Mpesa transfer services between Tanzania and Kenya. A service which it says will see M-Pesa customers from East Africa’s two biggest economies can now use their mobile phones for simple, safe and secure money transfers between countries via an established, combined network of 180,000 agents. With this lauch, M-Pesa customers from the […]

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Mobile money: MoneyGram Agent Network in Africa hits 25,000 Locations

MoneyGram agent network in Africa has reached 25,000 locations, the company has announced. This according to the company is after  a strategic expansion initiative it launched across the continent. “MoneyGram continues to grow throughout Africa as a result of forming strategic relationships with reputable companies, including banks, post offices and retailers, to bring added convenience […]

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Mobile Money: HelloCash mobile money services launches in Ethiopia

Lion International Bank and Somali Micro Finance in partnership with Ethiopian based technology service provider BelCash Technology Solution PLC have launched the official pilot of the HelloCash mobile money services. The HelloCash mobile money platform will provide financial services to all Ethiopians. It will enable existing and potential customers of Lion International Bank and Somali […]

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