ATM Security Takes Centre Stage At Diebold Conference in Kenya

Posted on by wademinnie | 15634 Views | 9 min read

The rising threat of automated teller machine (ATM) fraud, and the innovative technology solutions that financial institutions could adopt to address security challenges, will dominate discussion at tomorrow’s conference in Nairobi. At the event, Diebold, Incorporated and its Kenya distributor, Tracom Services Ltd., will showcase advanced self-service technology and security solutions that boost branch productivity

Launch of SpotCash to Facilitate Money Transfers to M-Pesa

Posted on by wademinnie | 10785 Views | 5 min read

Tangazoletu Limited recently launched one of its products ‘Spot Cash’ at the Hotel Starbucks in Karatina town of Central province, Kenya. Speaking during the event, the company’s Technical Director Chris Gathingu, clearly explained that members of SACCOs (Savings and Credit Cooperatives) and Microfinance institutions will now be able to withdraw and deposit their money from

Kipochi launches first Bitcoin wallet in Africa with M-Pesa integration

Posted on by wademinnie | 9825 Views | 4 min read

Kipochi Ltd has launched a groundbreaking solution that allows people to send/receive BitCoin and convert it to and from an M-Pesa balance. This enables Kenyans to receive money transfers from the diaspora in an easier, faster and cheaper way, compared to using banks and money transferring services such as Western Union and MoneyGram. Kipochi is

StanChart To Launch Islamic Banking In Kenya, Indonesia

Posted on by wademinnie | 14627 Views | 6 min read

Standard Chartered Plc will start offering Islamic banking in Kenya as a springboard into the rest of Africa and it may expand services in Indonesia, its global head of Islamic consumer banking said. Shariah-compliant banking makes up two percent of Kenya’s banking industry, split between two Islamic lenders and conventional banks with Shariah-compliant products, like

Safaricom Introduces Lipa Na M-Pesa Service

Posted on by wademinnie | 12427 Views | 11 min read

M-PESA, the flagship brand of the leading integrated communications service provider Safaricom Limited, has now set its sights on the medium and small entreprises with the launch of Lipa Na M-PESA- a campaign aimed at entrenching the use of its payment services as primary tool of transactions. Lipa na M-PESA is an umbrella service for

Aftab Currency Extends its Remittance Network to Kenya, Nigeria and Cameroon

Posted on by wademinnie | 15218 Views | 3 min read

Aftab Currency Exchange, a remittance and foreign exchange brand with a presence in three continents, has strengthened its bonds with Airtel Communications, a leader in global payments services to extend joint operations in Kenya and Nigeria. Aftab Currency has taken another initiative with Fidelity Bank with an active network of 173 branches across Nigeria to

Drivers of Mobile Payment Adoption: Comparing Kenya and Tanzania

Posted on by wademinnie | 11899 Views | 7 min read

Professor Dan Horne, Chief Knowledge Officer at Gx, in conjunction with Dionne Nickerson of Providence College,  has recently published a white paper called ‘Understanding the Drivers of Mobile Payment Adoption: Comparing Kenya and Tanzania’. The study looks at the perceived impact on business development and wealth creation that pervasive mobile payments usage generates and compares

Online Transactions – Public Key ICT Infrastructure for Kenya

Posted on by wademinnie | 15158 Views | 13 min read

The government through the Kenya ICT board, Communications Commission of Kenya (CCK) and Directorate of E-government, held a forum with stakeholders to sensitise them on what it will take to secure online transactions. Public Key Infrastructure (PKI), is the national system that the government is implementing to provide digital certification services. Through the Public Key

MasterCard Launches Training Centre To Enhance Payments Industry Skills Development in Kenya

Posted on by wademinnie | 9731 Views | 11 min read

MasterCard announced the launch of a brand new training facility in Kenya to empower the financial services ecosystem with knowledge on various aspects of cashless payments in order to boost acceptance readiness in the region. The training centre, located at MasterCard’s East Africa offices in Eldama Park, off Peponi Road, will be used for training

National Bank of Kenya Rebrands, Unveils New Growth Strategy

Posted on by wademinnie | 9348 Views | 10 min read

National Bank of Kenya has re-branded itself as part of a new strategy aimed at transforming it into one of the top tier banks in the country in the next five years. Announcing the new move at a dinner in Nairobi today, NBK Managing Director, Munir Ahmed, said that the bank is seeking to grow