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UnionPay QRC Product Debuts in Africa Region

UnionPay and KCB jointly announced that they are bringing QRC Payments to the people of Kenya. UnionPay International is accelerating the promotion of UnionPay QR code payment in markets outside Read More →

CBK Governor Dr. Patrick Njoroge is 2018 Central Banker of the Year in Africa

The Governor of the Central Bank of Kenya, Dr. Patrick Njoroge, has been recognised as the Central Banker of the Year, Africa by the prestigious The Banker Magazine, a publication Read More →

Barclays Africa Group and Frontclear Partner to Develop Africa’s Interbank Markets

Barclays Africa Group Limited (BAGL) has signed a 2-year agreement to provide financial support to the Frontclear Technical Assistance Programme (FTAP) through the latter’s Partnership Facility. The contribution reflects the Read More →

Mastercard Launches Kionect for Nairobi’s Smallest Shopkeepers

Mastercard has unveiled Kionect, a digital ordering system that empowers small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS. Orders submitted via a feature Read More →

Using Prepaid Cards to Encourage Electronic Payments in Kenya

When we talk about payments technology in Kenya, we usually start with the mobile device. There is no doubt that mobile is a successful tool for offering access to financial Read More →

PayPal Launches Seller Protection in Some Sub-Saharan Africa Countries

PayPal has announced the launch of its Seller Protection Programme in some Sub-Saharan Africa countries, in an effort to empower local businesses to trade online, both locally and globally with Read More →

Central Bank of Kenya Receives Acquisition Offer for Chase Bank Limited

Central Bank of Kenya and Kenya Deposit Insurance Corporation have announced that they have received a non binding offer from SBM Holdings Limited with respect to Chase Bank (Kenya) Limited, as Read More →

Visa and Uber to Offer a Seamless Payment Experience in a Multi-Year African Partnership

Uber and Visa have announced a strategic agreement that aims to grow digital commerce across Africa, with the first launch in Nigeria last month the new promotion will now be Read More →

CBK Grants Authority to Société Générale of France to Open Representative Office in Kenya.

The Central Bank of Kenya (CBK) announces the granting of authority to Société Générale (SG) of France to open a Representative Office in Kenya. The authority was granted pursuant to Read More →

SWIFT’s Messaging Traffic Grows by 20.1% in East Africa

Data from SWIFT shows that FIN traffic growth in East Africa has outperformed the total growth of SWIFT globally. In the year to date, total message traffic volumes grew by Read More →

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