Posts Tagged ‘kenya’

Battle between Africa’s mobile phone companies and banks is a boon for financial inclusion

A battle for supremacy New mobile products coming into the market promise to deepen financial inclusion even further. Equity Bank are introducing Equitel, its telecoms unit, that will allow customers to access credit loans, perform cross border money transfers and send and receive money from other commercial banks, reports Reuters. Equity is one of the […]

Facebook payment platform threat to M-Pesa, say experts

In Summary Analysts at the Standard Investment Bank say the probability of the service being rolled out globally increases competition to mobile payment services such as M-Pesa and limits future growth plans. Safaricom on Thursday however said it does not see any immediate threat in the Kenyan market. Research analysts at the Standard Investment Bank […]

Mobile money hits Sh2.37 trillion as card use drops

Mobile payments values increased by nearly a quarter last year, clawing a huge chunk from the banking sector where payment cards performed dismally over the period. Latest payment systems data from the Central Bank show mobile money subscribers transacted Sh2.37 trillion in 2014, a 24.7 per cent increase over Sh1.90 trillion in the previous year. […]

Bitcoin’s Big Opportunity In Africa

On a Tuesday night at a Nairobi tech incubator, Michael Kimani preaches the virtues of crypto currencies to a small gathering of tech-savvy Kenyans. The startups at the meeting are already busy building businesses—to disrupt Kenya’s large remittances market; or create Kenya’s first bitcoin exchange; or establish a crypto-wallet app as the on-campus currency of […]