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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 →

Direct Pay Online Gains Security Certification in 12 Countries Across Africa

Direct Pay Online Group (DPO) is the first payment service provider (PSP) in Africa to receive the Payment Card Industry Data Security Standard (PCI DSS) Level 1 certification in 12 Read More →

Central Bank of Kenya Issues Guidance Note on Cybersecurity

The leveraging on technology by banks exposes them to increased cyber risks. In this regard, the Central Bank of Kenya (CBK) has issued a Guidance Note on Cybersecurity that outlines Read More →

UnionPay International Collaborates with the Largest Commercial Bank in Kenya to Enhance Payment Innovation

UnionPay International announced that it has deepened its cooperation with Kenya Commercial Bank (KCB), the largest bank in Kenya. First, the two will jointly issue the first UnionPay card with Read More →

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