Fintech Opportunities in DRC Congo: How Kenya Can Lead and Benefit.
The Democratic Republic of Congo (DRC), known for its natural resources, is now emerging as a promising player in the African Fintech landscape. Its recent membership in the East African […]
Mobile money payments in Kenya grew by 6.3% in July, reaching a record high of Sh684.64 billion.
The Central Bank of Kenya’s recent approval of higher mobile money transaction limits is propelling the country’s financial landscape. Learn about the surge in mobile money accounts, active agents, and the CBK’s strategic move to deepen financial inclusion while addressing potential risks.
How the Finance Bill 2023 Will Change How You Do Business in Kenya.
The Kenyan tax landscape is set for a major shift with the introduction of mandatory e-invoicing through the Finance Act 2023. This article delves into the implications of the new e-tims system for companies, individuals, and the Kenya Revenue Authority (KRA). It also highlights crucial aspects left unaddressed by the Act, potentially leading to confusion and compliance challenges.
THE FUTURE IS HERE: FINTECH IN AFRICA
Africa’s Fintech revolution is reshaping the continent’s financial landscape. Witness the impact of mobile money, from M-pesa’s success to a $3 trillion growth projection. Explore fintech hubs like Kenya, Nigeria, and South Africa shaping the future of finance.
TerraPay (Mobex) partners with Safaricom’s M-PESA to facilitate seamless outbound cross-border remittances
erraPay and Safaricom join forces to revolutionize cross-border payments for Kenyans. 30 million M-PESA users now get secure, fast, and affordable money transfers to Bangladesh & Pakistan, with India & Nepal soon to follow.
Absa Bank Kenya and Visa launch a new Card-to-Mobile Payment Solution for SMEs
Absa Bank Kenya, in collaboration with Visa, introduces the Mobi Tap solution, transforming payment methods for SMEs. By turning smartphones into POS terminals, this development marks a significant stride in Kenya’s digital payment landscape.
Envisioning a Week Without M-Pesa.
A hypothetical week-long M-Pesa downtime could cause significant economic disruption and social inconvenience in Kenya, highlighting the critical role of M-Pesa in day-to-day transactions and the nation’s economy.