Family Bank books 85pc rise in profit on improved lending
Family Bank has recorded 85 per cent jump in net profit for the three months to March as removal of the rate cap in November 2019 unlocked interest income.The lender’s net profit g…...
Read More First quarter real-time bank transfers rise fastest in six years
Bulk payments made through real-time bank transfers in the first quarter of 2020 rose at the fastest pace in six years, official statistics show. This partly signals progress in the…...
Read More Card payments up Sh1.6bn despite corona demand slump
The value of payments made through cards grew by Sh1.64 billion in the first three months of the year as the Covid-19 pandemic discourage cash handling.Central Bank of Kenya (CBK) d…...
Read More A Fintech & Innovations office for Bank of Ghana
The office will foster the growth and development of financial technology in the country. The move by the Bank of Ghana is long overdueand aims at entrenching cash-lite, electronic …...
Read More 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…...
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