Safaricom Enhances Cross-Border Money Transfers in Ethiopia with M-PESA Global

Posted on by kara | 9315 Views | 7 min read
Safaricom

Safaricom has expanded M-PESA Kenya’s International Money Transfer (IMT) service to Ethiopia, enabling customers to send money from Kenya to Ethiopia via M-PESA Global. Through this expansion, the two companies aim to increase mobile money use and penetration across Ethiopia, boosting local economies and creating opportunities for individuals and businesses across the region. Safaricom Kenya’s

The Central Bank of Kenya Migrates to ISO20022 Standard

Posted on by kara | 4950 Views | 7 min read
The Central Bank of Kenya

The Central Bank of Kenya (CBK) announces that the Kenya Electronic Payment and Settlement System (KEPSS) has been successfully migrated to the ISO20022 Global Messaging Standard (“ISO20022 Standard”). KEPSS, Kenya’s Real-Time Gross Settlement (RTGS) system, is operated by CBK to process large-value and time-critical payments. It is the backbone of Kenya’s domestic and regional payment

Kenya’s Lending Landscape Sees Surge in Mobile Loans as Overdrafts and Asset Finance Tightens – TransUnion

Posted on by kara | 6721 Views | 17 min read
Kenya's

Kenya’s consumer lending market, according to TransUnion Kenya’s Q1 2024 Market Analytics Report, reflected a mix of resilience and optimism in the first quarter of this year. This growth has been driven by lenders who, equipped with deeper insights and advanced tools, have adapted to the evolving regulatory environment. As a result, they are now

Thunes Partners With Access Africa

Posted on by kara | 23561 Views | 10 min read
Thunes

Thunes – a B2B payments infrastructure platform – has announced a partnership with Access Bank to improve cross-border payments in and out of 13 African countries. The collaboration will enable Access Africa to facilitate inbound and outbound cross-border payments in 13 markets: Botswana, Cameroon, the Democratic Republic of the Congo, Gambia, Ghana, Guinea, Kenya, Mozambique,

Banking Specialists Meet in Nairobi to Discuss the Transformation of Africa’s Payment Landscape

Posted on by kara | 4634 Views | 13 min read
Banking specialists

Banking specialists gathered on October 3rd in Nairobi to discuss the transformation of Africa’s payment landscape at an event organised by banking service provider Tietoevry. Participants from the Central Bank of Kenya, Co-op, NCBA, M-Pesa, KCB Bank, Kenswitch, Stanbic Bank, and others were in attendance. The overarching theme of the event was that Africa’s payment

Safaricom and Mastercard Partner to Expand Remittances and Payment Acceptance to Over 636,000 Merchants in Kenya

Posted on by kara | 4569 Views | 7 min read
Safaricom

Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money service. Kenya’s payment acceptance market continues to grow, with mobile wallet payments driven by M-PESA showing a 12.7% CAGR between

PayRetailers Expands Further Into Africa, Boosting Financial Inclusion Across Eight Additional Key Markets

Posted on by kara | 27715 Views | 9 min read
PayRetailers

Expansion includes Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, Nigeria; Leveraging success in Latin America to provide underbanked populations in Africa with efficient payment functions. PayRetailers, the leading payment processor for Latin America, has today announced further expansion into Africa. With coverage now across 12 countries, the company offers a unified simple

Interswitch Partners With Elie Technologies for Contactless Payments

Posted on by kara | 6891 Views | 6 min read
Interswitch

Interswitch East Africa (Kenya) Limited has partnered with Elie Technologies to unveil a contactless payment solution for merchants and customers in Kenya. The solution, dubbed Tumatap, will enable Micro, Small, and Medium Enterprises (MSMEs) to accept contactless payments on smartphones, thus transforming the devices into point-of-sale (POS) systems without the need for additional hardware. The

Nigerian Fintech Grey Partners dLocal to Drive Expansion Into New Emerging Markets

Posted on by kara | 5396 Views | 5 min read
Nigerian Fintech

Nigerian fintech startup Grey has partnered leading cross-border payment platform dLocal to drive expansion into new emerging markets. Launched in 2021 by Idorenyin Obong and Femi Aghedo, Grey offers an international money transfer service that enables its users to send and receive international payments without restrictions quickly. Its products include foreign bank accounts, instant currency

MDP Takes Center Stage as Payments Enabler Africa Sponsor at Africa Fintech Summit Nairobi 2024

Posted on by kara | 5057 Views | 16 min read
MDP

MDP, a leading payments technology provider in the Middle East and Africa, is gearing up to make its mark at the 12th edition of the Africa Fintech Summit, taking place in Nairobi, Kenya, from September 4-6, 2024. The payments technology pioneer is coming on as Africa’s Payment Enabler Sponsor for the second year running. This