The Central Bank of Kenya (CBK) welcomes the launch, of mobile money merchant interoperability by three mobile money providers (networks); Airtel Networks Kenya Limited, Safaricom PLC, and Telkom Kenya Limited. This is an important step in the evolution of Kenya’s payment services, as it allows customers of these mobile money providers to make payments to
New Innovation Studio in Nairobi is the first in Sub-Saharan Africa and will provide Visa partners with cutting-edge capabilities to co-create future commerce solutions Visa (Visa Inc), the world leader in digital payments, has opened a new Innovation Studio in Nairobi, its first dedicated innovation site in Sub-Saharan Africa (SSA). This facility will serve the
29% growth in Balance Sheet to Kshs 1.305 trillion from Kshs 1.015 trilliom 29% growth in customer deposits to Kshs 959 billion from Kshs 740.8 billion Emerges the largest bank in Kenya and in the region by all key parameters: balance sheet, profitability, market capitalisation and customer base Improvement in NPLs from 11% to 8.3%
Visa, the world leader in digital payments, is collaborating with the Bantu Blockchain Foundation (Bantu), custodians of the Bantu Blockchain Network infrastructure, to connect its digital asset-linked Visa cards to the Bantu Network Token (XBN), a utility token developed by Bantu to facilitate fast and secure transactions on the Bantu blockchain. This integration is expected to directly
The Awards Ceremony is scheduled to take place during the annual Sibos conference in Amsterdam, Netherlands in October 2022 Ecobank (www.Ecobank.com), the leading Pan-African Banking Group, has won five prestigious awards at the Global Finance Treasury & Cash Management Awards 2022, including Africa’s Best Bank for Cash Management and Africa’s Best Provider of Short-Term Investments/Money
Partnership between United Bank for Africa and Cellulant extends payments services for merchants and consumers across the African continent Africa’s global bank, United Bank for Africa (UBA) Plc, and leading Pan-African Payments Company Cellulant (Cellulant.io) have announced a partnership that will extend payment services for merchants and consumers across 19 key African countries in which
Appzone strengthened its commitment to supporting the digitization of the financial ecosystem in Kenya as a strategic partner When Pan-African fintech software provider, Appzone, relaunched its digital core banking solution for Africa’s fintechs and Neobanks in October 2021, it was clear that the company would never waiver from its commitment towards accelerating economic prosperity in
The authorisation permits Cellulant to continue enabling businesses to collect payments online and offline while allowing anyone to pay from their mobile money. Central Bank of Kenya has granted Cellulant a Payment Service Provider authorisation in Kenya, enabling the company to expand its payments offering for businesses, banks, and consumers. Founded in 2003, Cellulant is
Equity’s Brand Strength Index (BSI) of 90.8, is only 3.2 basis points away from the strongest banking brand in the world Equity has been assigned a Brand Strength Rating (BSR) of AAA+ on par with the strongest banking brand in the world The Bank is the only new entrant among the top 10 strongest banking
While South Africa may lag behind other countries in some areas, its banking and payments industry is rated among the best in the world. The entire continent has needed to be resourceful to innovate with payment methods, to serve the banked, underbanked and unbanked. Karen Nadasen, CEO of PayU South Africa and Chairperson of The
