Equity Bank Issues Mobile Banking Smart SIM to Provide Mobile Banking and Other Services

Posted on by wademinnie | 10681 Views | 8 min read

Taisys Technologies Co., Ltd. announced that Kenya’s leading bank Equity Bank will be issuing a ultra-thin mobile banking smart SIM with patented technology from Taisys. Equity Bank customers can now enjoy funds transfer, micro-payments and other mobile financial services that are agnostic across mobile devices, including traditional basic-feature phones using Taisys’s “mBanking” and “duoSIM”. The

New Partnership Offers Easier Online Payments in Kenya

Posted on by wademinnie | 10221 Views | 8 min read

Leading online payments solution providers 3G Direct Pay and Payoneer have signed a new partnership agreement to provide lower-cost, more secure and easier means of making regional and global payments for the hospitality industry in Africa. This new partnership provides an end-to-end solution that allows hotels, airlines, and travel agents, among other players in the

Safaricom Approves of CA’s Decision for Security Scrutiny of SIM Overlay Technology

Posted on by wademinnie | 7132 Views | 12 min read

In light of the Communications Authority of Kenya’s decision to give tentative approval to the roll out of the SIM overlay technology in the Kenyan mobile telecommunications market, Safaricom Limited states the following: We thank the Central Bank of Kenya and the CA for the preliminary inquiry into the integrity of the SIM overlay technology,

Visa Launches Card Security Campaign in Kenya

Posted on by wademinnie | 10547 Views | 12 min read

Visa, the global leader in payments, is launching a 6 month, countrywide campaign dubbed the Visa Chip and Pin campaign to raise awareness amongst cardholders on benefits of EMV chip cards in Kenya as they are safer from counterfeit and fraud activities. “The little chip that sits on the left side of your Visa card

Central Bank of Kenya approves use of thin SIM technology in Kenya

Posted on by wademinnie | 10292 Views | 10 min read

The Authority has allowed Finserve Africa Limited, a subsidiary of Equity Bank to roll-out its services using the thin SIM technology, for a one year trial period. This follows contention by Mobile Service Provider, Safaricom over the use of the technology in the Kenyan market, citing possible security flaws. Addressing the press, CA Chairman Ngene

Interswitch Forms Business Combination with Paynet Group

Posted on by wademinnie | 10052 Views | 13 min read

Interswitch Transnational Holding, the leading pan-African integrated payments company, announces it has reached a partnership agreement with the Paynet Group, East Africa’s leading multi-institutional payments provider, to combine its businesses. Interswitch will acquire a majority shareholding in Paynet Group and unrivalled  existing shareholders will become shareholders of the Interswitch Group. Bernard Matthewman, current CEO of Paynet,

Airtel Unveils Airtel Money Premier VISA Card for Mobile Money, Banking Services

Posted on by wademinnie | 10051 Views | 6 min read

Bharti Airtel has unveiled an Airtel Money Premier VISA card that will enhance Premier customers experience and convenience on the company’s mobile money and banking services and ensure that they get added value. With this new card, Airtel money Premier customers will be able to shop and pay for goods and services using Airtel Money

Kenya’s Diaspora Remittances Show an Upward Trend

Posted on by wademinnie | 6680 Views | 4 min read

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. Commentary on Remittances for July 2014 Remittances to Kenya increased by 3.8 per cent to USD 117.1 million in July 2014 compared with USD 112.8

Kopo Kopo Registered More Than 10,000 Businesses on the Platform

Posted on by wademinnie | 11926 Views | 9 min read

Kenyan merchant services company Kopo Kopo is celebrating four years of existence, having managed to register more than 10,000 businesses on the platform. The startup was launched with only a few thousand point of sale terminals and a handful of merchants accepting mobile money in the entire country. In a blog post, the company said

Equity Bank Seals Agreement with Global Management Strategy Consulting Firm McKinsey

Posted on by wademinnie | 3410 Views | 12 min read

Regional banking solutions provider, Equity Bank Group, has engaged global management strategy firm McKinsey to play a business advisory role in the implementation of the Bank’s 3.0 strategy. On hand to close the partnership agreement at Equity Bank headquarters was Dominic Barton, McKinsey & Company Global Managing Director and Equity Bank Group Managing Director Dr