Standard Chartered Plc, which has operated in Africa for more than 150 years and is present in 15 African countries and active in 36 countries across the continent, sees Nigeria and Kenya as the best opportunities on the continent for its business to expand in 2015. “We’ll spend a lot of time focused on some
KCB Group and Safaricom have launched a new mobile banking product with the most comprehensive features yet in the market. KCB-M-PESA Account will enable customers to get loans using their mobile phones, the loans will be offered with a flexible repayment period ranging from one month to six months. In addition the facility fee for
Safaricom has announced a new service that will allow organizations to track funds sent to beneficiaries via its mobile money solution M-PESA. The solution, named M-PESA SurePay, is a closed loop payment system engineered for corporates and Public Benefit Organisations (PBO’s) who disburse funds directly to beneficiaries. The funds are sent directly to a beneficiaries
Over 7 million M-Pesa customers in Tanzania and over 18 million Safaricom customers in Kenya can now send and receive money from each other. This revolutionary service allows for mobile wallet to wallet transfers between the two largest telecom operators in East Africa. Now, customers can transfer funds across the border at the same rate
TRANSFAST, the global money transfer company, announced partnerships with three leading Kenyan banks for instant deposits, and the launch of M-PESA service. Both instant deposits and M-PESA service enable customers worldwide, online and in person, to make instant transfers to Kenya 24x7x365, including bank holidays. In addition to the instant services, TRANSFAST offers same-day deposits
MoneyGram, a leading global money transfer company, announces that its agent network in Africa has now reached 25,000 locations, following a strategic expansion initiative across the continent. Recent technology advances and new agent and sub-agent signings, including an agreement with the Mauritius Post Office to offer money transfer services at more than 100 locations, have
Despite a fair number of attempts at elaborately fleshing out Mpesa for readers, in this article I outline 5 more things left out by: Claudia McKay & Rafe Mazer did an article for the CGAP titles “10 Myths About Mpesa: 2014 Update” – a follow up to a previous article by Claire Alexandre “10 things
Visa Inc. and Bharti Airtel, a leading telecommunications services provider with operations in 20 countries across Asia and Africa, announced a partnership to bring innovative mobile payment services to seven markets in Africa including Gabon, Ghana, Kenya, Madagascar, Rwanda, Seychelles and Tanzania. Visa and Airtel will build on the existing capabilities of Airtel’s Mobile Money
Equity Bank Kenya has announced the launch of a prepaid card in conjunction with MasterCard. The card, which is readily usable to pay for bus fare in Kenya in line with the recent government directives on cashless bus fare payment system is more than a travel card. It is an all-purpose card that will be
CfC Stanbic Bank has opened the first ever digital experience bank branch in the country. The branch, in Mombabsa’s Nyali Centre Mall, is set to radically alter the way customers take care of their financial needs and conduct their daily banking business. CfC Stanbic Bank’s focus is on enhancing the way Kenyans engage with their
