Apart from the clearance house, most banks use Safaricom's M-Pesa to instantly send or transfer cash between their users and themselves hence incurring costs they could easily avoid. To help address this, in June last year, there were reports that the Kenya Bankers Association (KBA) was working with external consultants ...
Kenya Bankers Association, KBA, has launched a mobile app and web portal that will assist commercial banks in disclosing the cost of credit to loan applicants as a percentage or APR (Annual Percentage Rate). The web portal, dubbed Credit Calculator Online, was developed by KBA together with the APR pricing ...
With only 12 days to the deadline, only 40 per cent of about 1.5 million ATM card users have been issued new chip-based cards which bankers were to acquire to avoid the risk of rampant fraud. The use of magnetic cards in Kenya have increasingly had fraud cases occur since ...
