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Kenya: Big Banks, Telcos Slow to Heed Order on Fees Disclosures
Big commercial banks and telecommunications firms are lagging behind in implementing a directive to disclose all fees incurred in mobile money transactions. The Competition Authority of Kenya (CAK) says that eight companies are thus far making these disclosures to customers.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Indian Digital Wallet Firm MobiKwik in Talks to Raise Funds, Eyes $1-Billion Valuation
Indian mobile payments and digital wallet firm MobiKwik says it is in talks to raise more funds at a level that would give the start-up a $1 billion (roughly Rs. 6,698 crores) valuation, as it pushes to forge new ties with banks and offer new financial services on its platform.
- Categories
- Technology
- Region
- South Asia
- Tags
- digital payments, fintech
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MasterCard Partnering with Kenyan Government to Roll Out New Payment Card
Mastercard is partnering with the local government in Kenya to help address the growing problem of citizens having to move from place to place in order to access and pay for government services.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Samsung to launch mobile payment wallet Samsung Pay in India soon
South Korean tech giant Samsung is planning to launch its mobile payment wallet in India in the first half of 2017, media reports said.
- Categories
- Technology
- Region
- South Asia
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Farmers’ credit rating app startup gets Safaricom funding
FarmDrive, a startup firm which helps farmers gain access to cheap credit, has received an undisclosed capital injection from Safaricom’s Spark Fund.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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Kenyan Central Bank Lets Banks Run Own Mobile Money Platform
The Central Bank of Kenya (CBK) has given six banks the green light to launch a mobile money transfer platform, Business Daily reported.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech
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Viewpoint: Mobile Money’s Potential is Unfulfilled
The mobile phone is a central component to unlocking access for the billions of people still excluded from the mainstream of financial services. Its potential is widely understood. But while use of entry-level smartphones has accelerated, access to mobile money services and use of these services remain challenging in many markets.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- digital payments, fintech
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Pakistan government to launch $130m financial inclusion project
The government is embarking on the Pakistan Financial Inclusion and Infrastructure Project aimed at increasing access to financial services for households and businesses by improving usage of digital payments in the country. Two World Bank institutions — International Bank for the Reconstruction and Development and the International Development Association — will jointly provide $130 million finance for the project.
- Categories
- Technology
- Region
- North Africa & Near East
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