As a local web and mobile app developer, Joshua Mutua, the founder and CEO of KejaHunt and KejaMove, businesses in real estate and relocations respectively; struggled to buy domain names online on sites such as Godaddy, Namecheap and domains.com because he had no credit card. His bank also limited his ...
Following its launch in Nigeria last October, AfroMillionsLotto has linked up with leading Nigerian payments provider Paga to offer payments for lotto games in Naira, making it even easier to play for Africa’s biggest jackpots. James Leppard, Ofertas365 CEO, stated: “We are delighted to partner with Paga to offer ...
PayPal and Safaricom have announced a collaboration that will see users in Kenya deposit and withdraw between their M-PESA and PayPal accounts seamlessly in a move expected to take on Equity Bank-PayPal withdrawal only service. According to Joseph Ogutu, Director of Strategy, Safaricom, “M-PESA’s cooperation with PayPal will open up global market places and ...
Equity Bank has reviewed withdrawal charges on its Equity PayPal Withdrawal service in a move that will see users pay as low as 1% on withdrawals made from their PayPal account. According to Equity Bank Group CEO and MD, Dr. James Mwangi: “Financial inclusion continues to remain at the core ...
All it takes is a simple hacking of the Safaricom Ksh250 deal. Showmax, a subscription video-on-demand (SVOD) platform run by South Africa’s giant firm Naspers, offers subscribers the opportunity to get three months of the service for only Ksh250. That’s significantly cheaper than any competitors in the SVOD space, including ...
Financial inclusion and telecommunications expert Topy Muga is one of the TechWomen emerging women leaders in Africa. In fact, The techie is actually a decorated financial inclusion and fintech personality with a very impressive experience in the digital world, spanning thirteen years. However, where did it all start? Topy is ...
Mobile money services continue to soar in popularity among Kenyans as evidenced by the latest numbers where Kenyans have made transactions worth Ksh 1.2 trillion in the fourth quarter of the 2016/2017 financial year. According to the Communications Authority Sector Statistics report for 4th Quarter 2016/2017 (PDF), the Ksh. 1.2 trillion ...
As part of the transition of Safaricom from a telco to an enabler platform, the company has been working on new changes to its MPESA platform. These change will mark the third major update to the platform since transferring its servers from Germany to Kenya. Due to this upcoming update, ...
South Africa's Vodacom Group is set to acquire a 35% stake in Safaricom giving it an opportunity to diversify its revenue growth and profitability and build on Safaricom's M-PESA platform for growth across the larger East Africa. Earlier Vodafone UK owned 40% while the Kenyan government through the Treasury owns ...
Paying with Safaricom's M-Pesa at any POS used to be a pain as the process took longer than shopping itself but Safaricom is revolutionizing mobile money payments with today's launch of M-PESA One Tap to reduce the steps to one altogether. "We realize that the simplest M-PESA transactions can take ...
Safaricom has today announced availability of M-PESA functionality in the mySafaricom App, which will see the more than 24 million M-PESA customers and especially the 8m smartphone owners enjoy the convenience of transacting from their Android and iOS smartphones. The app show M-Pesa menu with send money services, withdraw from ...
Global bitcoin remittance firm Bitwala, has introduced bitcoin to M-Pesa transfers in Kenya, Nigeria, Tanzania and Uganda for free in a move the firm says will make money transfers to any part of the world should be simple and convenient. According to Jörg von Minckwitz, CEO of Bitwala, "We want ...
This may be surprising to hear, and even superior to see that entrepreneurs are maximizing the benefit of Internet presence. It has been pointed out that those taking advantage of it, are really experiencing significant gains. Entrepreneurs can often be emotional with the harsh reality of market struggle, but they ...
It is the minute that the banking industry in Kenya is facing a lot of challenges specifically on governance issues, leading to a decline on public confidence after few banks were put under receivership. However, Equity group which has retained for four times, the best overall bank in Kenya in ...
United Nations-based Better Than Cash Alliance releases a report showing the importance of digital payment and why governments and companies need to ditch the cash-dominant economy and embrace digitization of payments. The new report comes just as McKinsey Global Institute released projections that digital finance could lead to a $3.7 trillion GDP boost by 2025, ...
Alix Murphy Kenyans living abroad have now sent one million money transfers with WorldRemit, an international money transfer service based in UK, promising users safe, instant transfers at the touch of a button to Kenya and across the world. WorldRemit allows users to send money to their loved ...
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 ...
Mobile payment firm MobiCash (not related to Kenya's MobiKash) has partnered with cellphone payments company Boloro to launch in South Africa allowing townships and spaza shops to accept mobile payments days after Vodacom announced that it’s shutting down its M-Pesa business in the country. Though the exit of M-Pesa can't ...
Safaricom, Kenya's largest telco has announced a full year net income of Ksh 38.1 billion, a 19.6 increase from last years with a free cash flow of Ksh 30.4bn, up 10.3 percent from last year and it aims to pay 80 percent of it to shareholders pending board aproval. The ...
Vodafone M-PESA has announced it has hit over 25 million active customers globally, 27.1% increase to 25.3 million in the year ended 31 March 2016, boosted by market launches in Albania and Ghana and supported by a network of more than 261,000 agents in 11 M-PESA countries. In a statement, ...
Huawei today announced that the new M-PESA service for Safaricom is now running on its open, secure, flexible and high performing Mobile Money Platform after it migrated all 12.8 million active subscribers overnight. TechMoran reported last year when Safaricom hired Huawei for this task.TheHuwaei Mobile MoneyPlatformis built to deliver basic ...
It will now be possible for Rwanda subscribers to make cross-border mobile money transactions to Kenya or Tanzania after MTN Rwanda and signed an agreement. The New Times Rwanda reports that with the deal, customers will make use of the M-Pesa platform for transactions within weeks . Norman Munyampundu, the ...
In a very welcome move today, Vodafone and MTN announced that customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other after the wo signed an interconnection deal, bringing convenience and affordable international remittances between the customers. According to Vodafone Director ...
International money transfer company Xpress Money will now allow customers to send money to their family, friends and business partners in Ghana directly to their mobile wallets as long as they are users of MTN’s mobile money platform. This new move is as a result of a new partnership by ...
Last year, Kenyans living abroad sent home a record high of $1.43 billion, a 10.68 percent increase over 2013 making remittances a major source of foreign exchange for east Africa’s biggest economy. According to Kenya’s Central Bank, in 2014, Kenyans living in North America sent $677 million home in 2014, ...
According to the London-based Centre for Brand Analysis, Mobile payment service M-PESA has become Kenya’s leading Superbrand, beating its parent firm and last year's top superbrand Safaricom and several others in the race. Stephen Cheliotis, Chief Executive of The Centre for Brand Analysis said, “we have surveyed both informed experts ...
A new application available on the Safaricom store dubbed MyRCPT aims to help users generate PDF receipts from their Lipa Na Mpesa and Mpesa Paybill text messages and as well help them file all their payments, rent, utility bills among others for accountability. Developed by a local startup Disruptive Technologies ...
Sending money from the US to Kenya via Western Union and MoneyGram is expensive as senders have to pay fees and wait for hours or even days to have the sums delivered to reciepients even if they call themselves instant money remittance services. That's set to change though. Launched in ...
In October MoneyGram and Safaricom announced they will partner to allow rapid money transfer from MoneyGram directly to M-PESA. Today the firms launched a new service that enables consumers in over 90 countries outside Kenya to send money directly to M-PESA, with a move to make it easier, faster and ...
Vodacom South Africa has partnered with Eduloan, an education finance and bursary administration firm to deposit directly Eduloan bursary and cash allowances into their m-pesa mobile wallet, a moe that will enable them to pay for some of their daily expenses using m-pesa. By giving students educational and daily expenses ...
