Mobile Money
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BUSINESS
M-PESA Hits 34 Million Customers in Kenya
Kenya’s leading telco Safaricom announced on Thursday that its mobile money platform M-PESA hit 34 million customers in November. In…
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News
Airtel Money Taps Naivas’ Network to Expand Reach
Airtel Money Kenya has signed a partnership with Naivas Supermarket that will allow Airtel Money customers to deposit and withdraw…
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News
Lowering Infrastructure Costs Key To Boosting Financial Inclusion In Africa
Musa lives in a bustling city in Nigeria. He uses his smartphone daily to make payments, send money to relatives,…
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Blockchain
Binance Expands Crypto Purchases Via Mobile Money in West and Central Africa
Binance has announced the integration of mobile money payments for crypto purchases across Benin, Cameroon, Ivory Coast, DRC, Togo, and…
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News
Mobile Money Subscriptions in Kenya Rise to 38.7 Million
Mobile money subscriptions in Kenya have grown to 38.7 million, translating to a penetration rate of 75%. This is according…
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News
Mobile money driving financial inclusion in Africa
Mobile Money in Africa: According to a report by the Mastercard Foundation, Africans have some of the lowest levels of…
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News
Binance Enables Crypto Purchases via Mobile Money in Ghana, Tanzania, Uganda, and Zambia
Binance users in Ghana, Tanzania, Uganda, and Zambia can now buy and sell crypto assets using mobile money, the company…
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News
Airtel removes withdrawal code when receiving money in Kenya
Airtel Money customers can now receive money directly into their mobile money wallet from any network without the withdrawal code…
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News
Safaricom halts money transfers to unregistered M-PESA users
Kenya’s leading telco Safaricom will no longer allow unregistered mobile money users to receive money from users of its M-Pesa…
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News
Is Ethiopia Africa’s sleeping fintech giant?
The fintech sector has been one of Africa’s biggest technology success stories. According to one report, the continent’s 678 fintech startups…
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News
Airtel Kenya lowers eCitizen transaction fees by 25pc
Airtel Money has reduced transaction fees for eCitizen services by up to 25 per cent after integrating the mobile money…
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News
MFS Africa partners with Madagascar’s MVola for international money transfers
Pan-African digital payments network, MFS Africa, has partnered with Mvola, Madagascar’s leading mobile money provider, to facilitate inbound international money…
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BUSINESS
Airtel Money Revises Mobile Money Charges
Airtel Money on Wednesday revised its transfer and withdrawal transaction charges in Kenya effective from 25th October 2023. The revision…
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BUSINESS
Kenyan SMEs ditching mobile money payments to avoid taxation
Government’s increased taxation is forcing small businesses in Kenya to ditch mobile money payments in favour of cash. According to…
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News
Why Launch of M-PESA Ethiopia is set to ignite a financial revolution in one of Africa’s biggest economy
A recent report by the GSMA dubbed State of the Industry Report on Mobile Money 2023 underscores how mobile money…
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BUSINESS
Airtel Money Per Transaction Limit Increased to KES 250,000.
Mobile money service provider Airtel Money has revised its per transaction limit to KES 250,000 from the previous KES 150,000…
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News
Safaricom launches M-PESA in Ethiopia
Safaricom has finally launched its mobile money service M-PESA in Ethiopia. The service went live on Wednesday three months after…
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News
You can now transact up to Ksh 500,000 daily on M-PESA
Kenya’s leading telco Safaricom is set to increase M-PESA daily transaction limits to KSh. 500,000 following approval from the Central…
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News
[Ethiopia] Safaricom M-Pesa and Hibret Bank enter into Mobile Banking and Agency Partnership
As Safaricom Ethiopia prepares to launch M-Pesa in the country, the telco has now announced a Mobile Banking and Agency…
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News
![[UPDATE] MPESA super app](https://techtrendske.co.ke/wp-content/uploads/2023/07/MPESA-APP-DOWN-390x220.png)
[UPDATE] MPESA super app currently down
Safaricom’s MPESA app is currently down. Several users have reported being unable to use the app in the last few…
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News
M-Pesa services to be unavailable on Monday morning
Kenya’s leading telco Safaricom has issued a notice to its customers of planned system maintenance that will affect its mobile…
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News
Safaricom to launch M-Pesa in Ethiopia this year
Safaricom has revealed that its mobile money service M-Pesa will go live in Ethiopia this year. Dilip Pal, Safaricom’s chief…
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BUSINESS
Mobile money taxation could hamper financial inclusion gains in Africa, report
In an increasingly digital economy, accelerated by the Covid-19 pandemic, there has been greater collaboration between the private sector and…
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News
Ethiopia sets $150 million license fee for M-pesa entry
The telecommunications landscape in Ethiopia has largely lagged behind its neighbors, owing to strict observance of monopolistic regulations. Until Safaricom…
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News
Bank to mobile charges are back as High Court declines to extend order
Safaricom will continue to charge its customers transfer fees for transactions between banks and mobile wallets after the High Court…
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News
Safaricom introduces M-Pesa ‘store number’ for easier verification during cash withdrawals
A common challenge that customers face when making cash withdrawals from M-Pesa agents is entering the wrong agent number from…
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News
Vodacom Tanzania has expanded M-Pesa to 8 SADC Countries
Tanzania’s leading telecommunications company Vodacom has announced the expansion of its International Money Transfer (IMT) services to eight new countries…
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News
CBK announces split of Airtel Money from Airtel Networks
The Central Bank of Kenya (CBK) on Tuesday announced the successful separation and transfer of Airtel money from its mobile…
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BUSINESS
Airtel Kenya splits its mobile money business into a separate entity
The financial sector is undergoing a season of massive disruption occasioned by aggressive innovation. Offering financial services is no longer…
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News
PocketApp Secures AIP for Mobile Money Operator License in Nigeria
The Central Bank of Nigeria (CBN) has granted an Approval In Principle (AIP) to Abeg Technologies Limited, a product of Piggytech Global Limited,…
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News
Tecno is launching a mobile wallet to rival M-Pesa and Airtel Money
TECNO Wallet: Chinese phone manufacturer Tecno Mobile came to Africa and gained grounding with its Africa-centric mobile devices. The company…
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BUSINESS
Safaricom’s M-Pesa revenue hit Ksh 107.69 Billion
Safaricom M-Pesa revenue grew by 30.3% to hit Ksh. 107.69 Billion. This is according to the telco’s Full Year 2021/2022…
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BUSINESS
Airtel Tanzania and WorldRemit partner for international money transfers
Airtel Tanzania is partnering with payments company WorldRemit to enable Airtel Money customers in the country to send and receive…
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BUSINESS
Safaricom to hide customer identity on Lipa Na M-Pesa
Safaricom is adopting a new model for its Lipa Na M-Pesa platform aimed at curbing leakage of personal information. Effective…
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News
Safaricom to launch M-pesa in Ethiopia after new law changes
There is a wave of transformation sweeping across the telecommunications sector in Ethiopia. It started with reforms effected by Prime…
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News
Ashley Olson Onyango: Unlocking the transformative power of mobile money
During the last decade, rapid digitisation has revolutionised the financial industry globally, through the advent of innovative services such as…
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News
How to pay for goods and services from your Telkom line using Safaricom’s Till number
Telkom, Safaricom, and Airtel recently announced the interoperability of their mobile money service platforms that will see Kenyans from any…
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News
Telkom and Airtel users can now pay for goods and services using Safaricom’s Till number
Airtel and Telkom users will from today be able to pay for goods and services using Safaricom’s Till number. Telkom,…
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BUSINESS
Safaricom’s Mobile Money Service M-Pesa Crosses 30 Million Monthly Active Customers in Kenya
Safaricom’s mobile money service M-Pesa has crossed 30 million customers using the service every month in Kenya. The milestone comes…
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BUSINESS
M-PESA turns 15, processes more than 61 million transactions a day
Safaricom’s mobile money platform M-Pesa turns 15 today. The service which has been ranked as Africa’s largest fintech processes more…
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News
Refugee communities in Uganda still prefer using cash despite increase mobile phone ownership, report
There is increased use of cash at home as refugees seek easy access to money in case of emergencies, despite…
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COLUMNS
The biggest fintech trends changing the face of payments in emerging markets
Last year saw an unprecedented rate of change in the financial sector, with huge growth in the use of digital…
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BUSINESS
More than 5 million customers are now using the M-PESA Super App
Safaricom’s M-PESA super app now has over 5 million customers. Launched in June last year, the app brings front-end insights…
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COLUMNS
TEJPAL BEDI: Regulating digital lenders in Kenya: The benefits for consumers and industries
In 2021, President Kenyatta approved an amendment that gives the Central Bank of Kenya powers to license and oversee previously…
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New Appointments
MTN Mobile Money Uganda appoints Richard Yego new Managing Director
MTN Mobile Money Uganda, a 100% duly owned subsidiary of MTN Uganda has announced the appointment of Richard Yego as…
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BUSINESS
Equity rolls out One Till Number platform, works with all mobile wallets
Equity has introduced a new product they are calling One Till Number. The product, a first in the Kenyan market,…
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BUSINESS
MTN Uganda partners with NCBA to launch an overdraft facility
MTN Uganda has launched a new overdraft service that will enable MTN MoMo customers to access advance Mobile Money funds…
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News
Airtel Money announces new upgrades to its Airtel Africa Developer Portal
Airtel Money has announced some new upgrades to its Airtel Africa Developer Portal. The move, the company says is to…
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BUSINESS
M-Pesa services to be temporarily unavailable from Saturday midnight
Kenya’s leading telco Safaricom has announced that all M-Pesa services will be unavailable from Saturday 6th November 2021, starting from…
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COLUMNS
Mark Dankworth: The connected continent
Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According…
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BUSINESS
M-PESA is now Africa’s Largest Fintech, Hits 50 Million Active Customers
Safaricom’s mobile money platform M-Pesa has reached 50 million monthly active customers in Africa, making it the continent’s largest fintech.…
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BUSINESS
Safaricom’s Ambitious Plans to Connect Africa via Mobile Money
Launched in 2007, Safaricom mobile money service M-PESA has catapulted the telco to the global map. M-PESA is crucial, especially…
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BUSINESS
Kenyans Sent Nearly Ksh 1 Trillion to Businesses in Three Months
As the country opened from the over 3-month lockdown effective March 18, 2020, to July 7, Kenyans spend increased as…
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News
Airtel Africa Sells Minority Stake in Mobile Money Business for $200 Million
Airtel Africa, a subsidiary of India’s Bharti Airtel, has finally offloaded a minority stake in its mobile money business. The…
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News
[Interview] Our data marketplace is helping fill credit history gap in Sub-Saharan Africa, CARMA CEO
Fintech has become a significant force in shaping the financial services industry in Sub-Saharan Africa. As this market grows, the…
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News
Safaricom Contemplates Reducing M-PESA Transaction Costs
Safaricom has hinted at plans to cut M-PESA transaction costs to retain increased cash transfers on the mobile money platform.…
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CYBER SECURITY
Kenya Ranked Among the Top 3 African Countries Affected by Mobile Fraud
Kenya has been ranked among the top three African countries hit by mobile fraud. According to Evina, a Paris-based cybersecurity…
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BUSINESS
Mobile Gambling Money Transfers to be Permitted in Kenya
It has been confirmed that officials in Kenya have made amendments to the Gaming Bill 2019 to enable money transfers…
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BUSINESS
M-PESA is Now Available via USSD by Dialing *334#
Safaricom has rolled out a new USSD for accessing M-Pesa services. By dialing *334#, M-Pesa customers will now be able…
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BUSINESS
Mobile Money Market Continues to Grow in Kenya, M-Pesa Nears 99 percent Market Share
The Kenya n mobile money market plays a fundamental role in the country’s mission to financial inclusion. The market has…
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BUSINESS
Kenyans To Continue Sending Up to Ksh 1000 Via Mobile Money for Free till December 31st
In March, the Central Bank of Kenya rolled out several measures to cushion locals from the adverse effects presented by…
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News
Kenyans Deposited Nearly Ksh.607B Via Mobile Money In Q2 2019/2020, Report
Mobile money usage in Kenya has continued to grow in the country tied to its convenience. Using the platforms, you…
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News
Stakeholders meet to discuss future of mobile money platforms in Africa
Key representatives from over 8 countries in Africa gathered at a workshop organized by Vodacom to look into trends and…
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News
Africa mobile money market to reach $1 billion by 2024, report
The Africa mobile money market reached a transaction value of US$ 200.5 Billion in 2018. The market is projected to…
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BUSINESS
Understanding Mobile Wallets in Africa
The demand for mobile wallets is really high these days, especially in Africa. A mobile wallet (also called digital wallet)…
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News
Upesi Money Transfer: International Money Transfer Made Easy
Fintech or financial technology seems to be in the news all the time these days. Some of the amazing ideas…
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News
More collaborative efforts required to fight mobile money fraud and cyber crime, says DPP
The Director of Public Prosecution Noordin Haji has called on all stakeholders in financial institutions and banking sector to work together to strengthen…
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BUSINESS
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…
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News
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.…
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BUSINESS
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…
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BUSINESS
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…
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News
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…
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BUSINESS
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…
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BUSINESS
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…
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News
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…
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BUSINESS
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…
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COLUMNS
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…
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BUSINESS
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…
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BUSINESS
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…
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News
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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…
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BUSINESS
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 …
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BUSINESS
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…
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