Search Result for 'Mobile Money'

Kenya’s mobile money ecosystem is experiencing remarkable growth, with subscriptions reaching 45.36 million, a 7.2% increase from the previous year. ...

In 2023, mobile money added $24 billion to Kenya's GDP, representing an 8.6% increase compared to the year before. This ...

A notable portion of Kenyans utilizing instant account-to-account (A2A) transfers favor their bank apps for payments, contrary to the expectation ...

Sub-Saharan Africa has shown significant growth in financial inclusion over the past decade. Much of this growth has been driven ...

Kenya's mobile money landscape is experiencing unprecedented growth and quickly becoming a global leader in digital financial services. Recent data ...

The Departmental Commitee on Finance and National Planning has today made its recommendations regarding the Finance Bill 2024. The committee ...

The share of adults in Sub-Saharan African saving regularly has not changed since 2017. This is according to the Global ...

In 2023, the Kenya Mobile Money industry experienced a drop in transaction values for both bill payments and bulk disbursements. ...

Airtel Money has revised its mobile money transfer and withdrawal transaction charges in Kenya effective from October 25, 2023. As ...

The government of Kenya's tax on mobile money transactions is one of the highest in the African continent.  First introduced ...

By now, Kenyans have become accustomed to the fact that they need to dig deeper into their pockets when sending ...

In 2020, the Central Bank of Kenya (CBK) implemented a directive allowing for free money transfers from banks to mobile ...

Hustler Funds are here, and we have covered nearly every aspect of the loan product in previous stories. Part of ...

At the start of the pandemic back in March 2022, the CBK announced that it had waived fees for sending ...

When the pandemic started, telcos and banks adjusted the rate of sending money to and from their accounts to cushion ...

Over the last couple of quarters, we started noticing that the Communications Authority of Kenya (CA) was reporting less on ...

Mobile money penetration has grown steadily since last year when it stood at 68%. It now stands at 73.8% as ...

At the start of the year, it was revealed that the CBK was planning to launch an interoperability system that ...

The latest sector data from the Communications Authority of Kenya has revealed that Safaricom’s M-PESA is still king in the ...

Airtel Kenya has sold 25.77 percent of its mobile money product Airtel Money in a deal that seeks to raise ...

Safaricom has since entered the Ethiopian market after years of lobbying that cost USD 850 million.   Its entry into the ...

On Tuesday, the CBK, among other stakeholders announced that merchant interoperability for mobile money services would go live today. The ...

A couple of days ago, we had learnt that the CBK was in the process of compelling Safaricom’s Lipa na ...

The GSMA has released its annual ‘State of the Industry Report on Mobile Money’ which in part revealed that mobile ...

Telkom Kenya has launched an app for its mobile money product, T-Kash. The app goes by the same name and ...

It is possible that sometime in 2022, customers will be forced to pay transaction fees when moving money from their ...

Data about mobile money services has been released by the ICT regulator the Communications Authority of Kenya (CA) for the ...

Sector stats for Kenya’s telecoms space have been released by the Communications Authority of Kenya (CA). These are numbers for ...

Despite consumer wallet-sized shrinking during a rough economic period in the past year, Safaricom has gained more M-PESA users and ...

Mobile transacting is fast becoming the golden egg of financial services – and nowhere more so than in Africa. According ...

A total of Ksh.3.8 trillion was handled by mobile money agents from January up to July of this year in ...

Some of you may have seen a budding payments app in your app stores named Dash. It is a payments ...

Airtel Africa, which served 14 countries in the continent, has announced the signing of an agreement under which The Rise ...

Card payments is one of the many ways to which people pay for goods and services in Kenya. The Central ...

The COVID-19 pandemic saw the government, among other Kenya financial institutions introduce measures to cushion Kenyans from the financial pangs ...