Kenya’s Equity Bank hopes the launch of its mobile virtual network will remove confusion from the country’s mobile financial services sector, and aims to have all consumers using two SIM cards on their mobile. HumanIPO reported in April the Communications Authority of Kenya (CAK) issued mobile virtual network operator (MVNO) licences to three applicants, including
Leading Kenyan operator Safaricom is planning to deal with issues surrounding the releasing of the M-Pesa API by relocating the main server back to Kenya. This is according to Safaricom head of innovation Veronica Ogeto, who was speaking at the ongoing PIVOT East event in Nairobi yesterday as part of a fireside chat which saw
The University of Nairobi (UoN) and Barclays Bank of Kenya (BBK) have launched Host-To-Host, an automated seamless cash management system which will serve students and other stakeholders by improving payment processes in the University. While launching the programme at the University of Nairobi, BBK Managing Director, Jeremy Awori said that this was the first collaboration
Xpress Money has announced its tie up with Safaricom to offer money transfer services on the latter’s popular M-PESA platform in Kenya. This partnership will further boost the m-wallet concept championed by Safaricom, making it easier and more convenient for Xpress Money customers to receive money in Kenya. The M-PESA service on Xpress Money channels
Tracom Services has partnered with Ingenico to train and certify engineers on Point of Sale Terminal (POS) hardware technology in Kenya. Tracom is the master partner for Ingenico POS East and Central Africa and has the only local POS application development capacity using the hardware from Ingenico, managing and partnering in eight countries. The certification
Kenyan startup BitPesa is set to formally launch in Nairobi next week, bidding to bring down the high transaction fees associated with international money remittance companies by taking advantage of the digital, borderless currency Bitcoin. HumanIPO broke the news in December last year BitPesa – founded by microfinance expert Duncan Goldie-Scot and led by chief
More than 100 Marsabit County residents in the far flung Loiyangalani region have graduated from a customized financial literacy training programme delivered by the Equity Group Foundation. In keeping up with a growing demand for financial literacy in the region around Lake Turkana, this year’s Annual Lake Turkana Cultural Festival held at Loiyangalani culminated with
Cost, technological complexity, control and lack of education are the major issues facing the growth of internet payment services in Kenya. This is the position taken by Bardo Group, a new entrant in the online payment arena. Operating in the country since January 2014, the company whose head office is in Mauritius is also incorporated
Kenya Commercial Bank (KCB) in partnership with Visa has launched its MeCash prepaid card to allow users to make payments with more ease. Speaking at the launch, KCB managing director Samuel Makome said the world is going cashless and KCB is delighted to be part of the exciting journey. “In our effort to remain competitive
Cybercrime is on the rise in Kenya and one of the most affected areas is mobile money, according to a report launched by Serianu and the Telecommunication Service Providers Association of Kenya (TESPOK). The Kenya Cyber Security Report 2014 said: “In 2013, we noted an increase in mobile money fraud targeting individuals and organisations. The
