BitPesa Aiming to Disrupt African Remittance Industry through Bitcoin

Nairobi-based BitPesa is in discussions with multiple banks and network operators in Kenya over partnerships that could allow the mass introduction of Bitcoin remittance payments into the East African country. The Read More →

Bank of Africa Kenya Launches M-Chama for Investment Groups

Bank of Africa-Kenya has launched a new service that allows members of investment groups, known locally as ‘chamas’, to transact on their mobile phones. The product that is known as M-Chama Read More →

Airtel vs. Safaricom: The Mobile Money Wars

The rivalry that has been brewing in the mobile money industry in Kenya has gained momentum recently. Safaricom, the telecommunications provider behind the extremely successful M-Pesa mobile money service has been Read More →

CBK Commentary on Remittances for October 2013

The Central Bank of Kenya conducts a survey on remittance inflows every month through the formal channels that include commercial banks and other authorised international remittances service providers in Kenya. A Read More →

Equity Bank Partners with Startimes to Grow Set Top Box Uptake

Pay Television company StarTimes Media and Equity Bank have signed a Memorandum of Understanding that will see the Bank’s customers across the country access soft loans that will enable them Read More →

Kenya Commercial Bank to Issue EMV Compliant Cards in January

Kenya's largest bank in terms of balance sheet, Kenya Commercial Bank, will in mid January distribute over 2.2 million EMV compliant cards to its customers to comply with a March Read More →

KCB to Offer Back Office Service for Posta e-Payment Solutions

Kenya Commercial Bank (KCB) Group and Postal Corporation of Kenya (PCK) have entered into a strategic partnership to share payment infrastructure and capitalise on their expansive branch networks locally in Read More →

MyGate Launches Services in Kenya

MyGate, a secure payment processing provider for global payments, is expanding their payment processing services into Kenya. MyGate currently offers processing services in South Africa and Mauritius and will begin operations Read More →

Kopo Kopo Mobile Money Merchant Services Platform Secures $2.6 Million in Financing

Kopo Kopo, a merchant services platform serving thousands of businesses in East Africa, announced that it raised $2.6 million in Series A financing. Javelin Venture Partners led the round with Read More →

Equity Bank Group Strengthens with ICT, Innovation And Product Rollout

Equity Bank Group’s focus on enhancing affordability, accessibility and convenience has seen its growth momentum maintained for the period ended 30th September 2013. The regional banking group has posted a 17% Read More →

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