The Kenya Bankers Association will work with Huawei to spearhead industry-wide education in fintech innovation, digital transformation, and other ICT-related programs.
The huge surge is attributed to a government measure instituted to curb COVID-19 spread by encouraging the use of mobile money payments.
The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.
TerraPay and Visa have today announced a strategic partnership that aims to develop and deliver payment solutions to drive financial inclusion and cashless transactions for domestic payments in Kenya and global remittances to Kenya.
World Bank Approves $1 Billion Financing for Kenya, to Address COVID-19 Financing Gap and Support Kenya’s Economy
Kenya has undertaken policy reforms that directly benefit many low-income Kenyan households.
In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.
Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda.
Safaricom announced that all person-to-person (P2P) transactions under KSH 1,000 (≈ $10) would be free starting Tuesday for the next 90 days.