I&M Bank Limited Launches Enhanced Offerings for its Corporate, MSME and Retail Customers

The new value propositions are expected to simplify banking through solutions that are tailor-made to customers dynamic needs I&M Bank Limited has launched an enhanced set of customer solutions under its iMara 2.0 strategy as part of the Bank’s continued efforts to meet its Corporate, MSME and retail customers’ financial needs. The new value propositions

Equity Introduces Chat Banking on Social Media

Equity Virtual Assistant (EVA) chatbot is Equity’s latest addition to self-service digital banking EVA, offers Equity customers a seamless interactive banking social media platforms: WhatsApp, Facebook Messenger and Telegram. EVA chatbot facilitates digital banking transactions and customer support services anytime anywhere. This latest innovation reaffirms the Bank’s commitment to continue giving customers the freedom, choice

Fintech Startup Grey Partners with Payments Company Cellulant for East Africa Expansion

Grey, a Y-combinator backed fintech startup, offers a unique international money transfer service that enables its users to send and receive international payments without restrictions quickly Grey has announced the launch of its service to East Africa starting with Kenya in partnership with Cellulant (www.Cellulant.io). Its products, including foreign bank accounts, instant currency exchange, and

Mastercard and OPay Announce Strategic Partnership to Grow Cashless Ecosystem and Advance Digital Financial Inclusion for Millions

Partnership will enable OPay customers to pay on global online platforms backed by Mastercard’s secure Mastercard virtual payment solution linked to the OPay wallet OPay consumers will enjoy a superior digital experience for multiple lifestyle services and new digital commerce opportunities for, with or without a bank account In addition to digital commerce enablement, the

Equity Group Returns to Growth

As the global economy continues to recover from the COVID-19 pandemic crisis, Equity Group has eased its defensive strategy that had been deployed during the economic uncertainty and returned to its growth strategy. The defensive strategy involved internally generated cash being retained, while forgoing dividend payouts for two consecutive years to build capital buffers. This

New Digital Collections Platform to Spur Growth for Kenyan Businesses

UBA Kenya and Cellulant Kenya launch payments gateway to accelerate adoption of cashless payments The volume of global cashless transactions is set to grow by more than 80% between 2020 and 2025 according to the Payments 2025 & Beyond Report by PWC. In recent years, individuals and businesses alike have adopted digital payments reshaping the

Kenya Bankers Association: Bankers, Payments Firms and Retailers in Drive to Reduce Consumer Exposure to Fraudsters

Consumer education will play a central role in addressing emerging security challenges. During the launch of the Kaa Chonjo! (Be Alert!) card, mobile and online safety awareness campaign, players in the financial, payments and retail sectors highlighted the importance of continuing to empower the public with information on fraud prevention. In his remarks, Kenya Bankers

Cellulant has Partnered with NALA to Power Low-Cost Cross-Border Payments from the UK and USA into Africa

NALA provides an app for Africans living in the United Kingdom and the United States to send money to the continent seamlessly. NALA, a Tanzania based Fintech company, has teamed up with Cellulant (www.Cellulant.io), a Pan-African Payments Company, to power remittance payments from the United Kingdom and United States into Kenya, Uganda, Rwanda, Tanzania and

Mastercard and PesaLink sign MoU to Drive Digital Transformation of the Payments Sector in Kenya

Under the MoU, PesaLink will leverage Mastercard’s technology, expertise, partnerships, and cyber intelligence solutions to enhance its digital payments capabilities Integrated Payment Services Limited (IPSL) that runs the PesaLink payments ecosystem has signed a Memorandum of Understanding (MoU) with Mastercard to create innovative, digital-first payment solutions designed to boost the adoption and usage of digital

Winners of Inaugural Mastercard Women SME Leaders Awards 2022 announced

Virtual awards ceremony names entrepreneurs and women-led businesses across 22 diverse categories and industry sectors Awards are aligned with Mastercard’s global commitment to connect 25 million women entrepreneurs to the digital economy by 2025, as part of its goal to build a more inclusive world Winners includes women entrepreneurs from across the region including the