Corona virus is triggering deep digital change in African fintech
The ongoing COVID-19 pandemic continues to wreak havoc on the global economy.This crisis has become the single biggest catalyst for a digital transformation.For organisations and bu…...
Read More Africa Business Networks Push for AfCFTA Enactment
African Business leaders have appealed to governments to take the African Continental Free Trade Agreement (AfCFTA) deal negotiations on July 1 seriously to enable the continent is …...
Read More Visa gives Safaricom the ‘missing link’ for global payments
Visa and Safaricom have agreed a deal which will connect the Kenyan telecom operator’s M-Pesa financial services platform with Visa’s global network of merchants and cards. Under …...
Read More Free cash transfers to cost Safaricom Sh5.5bn
Safaricom will take a Sh5.5 billion hit on its M-Pesa revenue in the three months from mid-March after it waived transaction fees on mobile money transfers under Sh1,000. The waiver…...
Read More US telecoms firm earns Sh2.8bn from leasing masts to Airtel, Telkom Kenya
The American Tower Corporation (ATC) earned Sh2.8 billion ($27.3 million) last year for leasing telecommunications infrastructure to firms such as Airtel Kenya. Its revenues jumped …...
Read More Africa turns to mobile payments as a tool to curb COVID-19
Africa is using digital finance as a means to stem the spread of COVID-19.Governmentsand startups on the continent are implementing measures to shift a greater volume of payment tra…...
Read More Mobile Money Transactions Drop To Sh685bn In Second Quarter Of 2019/2020 Financial Year – CA
Kenyans continued to reduce movement of their cash through different mobile money platforms to hit Sh684.5 billion for the period between October to December 2019. Competition Autho…...
Read More WorldRemit caps fees on mobile money
London-based money remittance firm WorldRemit has capped transaction fee on its mobile money services across its markets including Kenya irrespective of the amount a customer is sen…...
Read More World Bank to support Ghana and six others to harmonise statistics
Ghana and six other West African countries are to benefit from a $379 million World Bank Group support to help harmonise and improve their statistical systems.The other countries ar…...
Read More Safaricom, Vodacom pay Sh1.4bn for M-Pesa brand
Safaricom and its South African parent company Vodacom have completed the buying of intellectual property rights to M-Pesa service from British firm Vodafone in a deal estimated at…...
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