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News

COVID-19 Crisis Lifts Kenya's Mobile Money Usage to $4.2 Billion a Month

The huge surge is attributed to a government measure instituted to curb COVID-19 spread by encouraging the use of mobile money payments.

News

United Nations Federal Credit Union Partners With Thunes for Mobile Money Transfers

The collaboration enables UNFCU members to transfer money to mobile wallets in select countries in local currencies.

News

Kenya: Banks, Mobile Money Agents Are Counting Losses

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.

News

List of Digital Lenders Denied CRB Access by Central Bank of Kenya

The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?

News

Kenya Turns to Safaricom's M-Pesa Mobile-Money to Stem the Spread of COVID-19

Safaricom announced that all person-to-person (P2P) transactions under KSH 1,000 (≈ $10) would be free starting Tuesday for the next 90 days.