Diamond Trust Bank Joins Mastercard & DPO Group to Extend Digital Payments to Global Markets

Posted on by Staff Writer | 26373 Views | 13 min read

Innovative digital business-to-business payment solution to be rolled out across other African markets following launch in Kenya and Tanzania Diamond Trust Bank (DTB), the East African banking group, has joined African payment services provider DPO Group, and Mastercard, the global payments technology company, in the rollout of a business to business (B2B) virtual payment card

Standard Bank Scoops Awards at SIBOS

Posted on by Staff Writer | 16401 Views | 7 min read

Standard Bank Group, Africa’s largest bank by assets, has received a number of industry awards from Global Finance, presented on the side-lines of the annual 2019 SIBOS conference held in London. “We are pleased to have received these awards which serve as recognition of our Africa-focused strategy, and bear testament to our role in continuing

CBK Publishes Cyber Risk Guidelines for Payment Service Providers in Kenya

Posted on by Staff Writer | 3607 Views | 7 min read

Pursuant to Section 31(2) (b) of the National Payment System Act, 2011 which empowers the Central Bank of Kenya to issue Directives and Guidelines, the CBK has developed a Cybersecurity Guideline for Payment Service Providers (PSPs). The objective is to create a safer and more secure cyberspace that underpins information system security priorities, to promote

WorldRemit Launches New Product for Business Payments to South Africa

Posted on by Staff Writer | 5103 Views | 10 min read

Through the WorldRemit website and app SMEs can now quickly and securely transfer money to pay employees and contractors in 140 countries including South Africa. Leading digital money transfer company WorldRemit has launched WorldRemit for Business, a new service that enables small and medium-sized business owners to quickly pay their employees and contractors in 140

KOKO Launches First Network in Nairobi

Posted on by Staff Writer | 3766 Views | 10 min read

Venture-backed technology company KOKO Networks today launched its first network of 700 “KOKOpoints” inside neighbourhood shops across Nairobi. KOKOpoints are multi-purpose consumer access machines, combining a fuel ATM, an e-commerce kiosk and an in-store digital media experience. KOKO builds technology for life in the world’s fastest-growing cities. The first consumer solution on the Network is

Mastercard Supports African Payment Innovation through Engage Partnership Platform

Posted on by Staff Writer | 4266 Views | 13 min read

Mastercard is expanding its Engage programme in sub-Saharan Africa, with the first Engage events in Nigeria and Kenya to introduce local fintech innovators to its broad partnership opportunities. Mastercard Engage, launched to fintechs in Nairobi and Lagos, is a global partnership and development programme that builds digital payment technology ecosystems and enhances speed to market.

Africa’s First UnionPay Payroll Card and Student Card Issued in Kenya

Posted on by Staff Writer | 3388 Views | 10 min read

UnionPay has been an international payment brand recognised by local consumers and institutions. UnionPay International recently announced that the partnership to issuing the first ever 300,000 payroll cards and student cards in Africa with Kenya Commercial Bank (KCB), the largest bank in East-Africa region. Cai Jianbo, CEO of UnionPay International, and Samuel Makome, COO of

E-commerce Expected to Create Local and International Opportunities for Kenyan SMEs

Posted on by Staff Writer | 3568 Views | 7 min read

Kenyan SME must embrace e-commerce as a strategy to grow their business, increase capacity and eventually attract long term financing. Business and corporate leaders meeting during the E-Commerce Kenya Conference held at Strathmore University said that ecommerce is an indispensable proposition in the growth of the SME sector. Dr George Njenga, the Strathmore Business School

United Bank for Africa: Kenya Reports a Notable 185% Growth in Profit after Tax for the Full Year Ending 31 December 2018

Posted on by Staff Writer | 3351 Views | 5 min read

United Bank for Africa, Kenya has announced its results for the period ending December 31, 2018 registering a 185% growth in Profit After Tax, overcoming a challenging macroeconomic and business environment. The profit after tax increased from KES 18.6 Million in the full year ending December 31,2017 to KES 53.1 Million for the full year

Standard Chartered Maintains its Momentum as it Introduces More Digitally-Led Retail Banks in Africa

Posted on by Staff Writer | 11464 Views | 10 min read

The Bank has launched its digital services in Tanzania and Ghana following successful roll-outs in Côte d’Ivoire and Uganda. Standard Chartered has announced it has completed a simultaneous multi-market launch of its digitally-led retail banks in Tanzania and Ghana, with Kenya’s roll out scheduled to occur shortly. This follows the launches of the Bank’s digital offering