MobiKash launches mobile merchant payment service in Kenya

Monday, June 2, 2014

MobiKash Afrika has unveiled a merchant payment service to deliver mobile money transactions in real time, making cashless transactions at the grassroots level a reality for thousands of Kenyans.

“Lipa Sasa Na MobiKash” will operate across all networks, banks and financial institutions as well as bill issuers, merchants and agents, and has been launched in partnership with Kenyan investment conglomerate the Foundation Enterprise Programme (FEP), which has bought a controlling stake in MobiKash Afrika.

Speaking during the launch MobiKash Afrika chief executive officer (CEO) Duncan Odour Otieno said the developments signalled a revamped strategy that will see MobiKash strengthen its presence and portfolio while offering tangible and innovative e-commerce solutions.

“Mobile money services, first introduced in Kenya in 2007, have completely revolutionised the business arena and unveiled a whole new world of possibilities. At MobiKash we remain committed to delivering practical solutions, geared towards making the wider Kenyan population access safe, reliable and efficient mobile money solutions,” said Otieno.

Source: Human IPO (link opens in a new window)

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financial inclusion, financial innovation, mobile money