Kenyan Banks Scrambling to Leverage M-Pesa

Tuesday, February 11, 2014

Kenya’s CfC Stanbic Bank has now launched an electronic payments service that will provide its Business Banking and SME clients with the ability to accept M-PESA payments.

The payments are then settled into their bank accounts immediately or on demand without the need to physically go into a branch to deposit cash or fill any forms.

Source: BizTech Africa (link opens in a new window)

digital payments, financial inclusion, mobile finance