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Kenyan Banks Scrambling to Leverage M-Pesa
Kenyan banks are reported to be scrambling to leverage Safaricom’s mobile banking platform, M-PESA, to attract more customers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Safaricom Deal to Allow Diaspora to Send Money to M-Pesa Accounts
According to the Central Bank of Kenya (CBK), last year’s diaspora remittances reached US$1.3 billion (KSh112 billion), up from US$1.17 billion (KSh101 billion) in 2012.
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- Uncategorized
- Region
- Sub-Saharan Africa
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African mobile phone leaders take action to expand financial inclusion
The 2nd African Mobile Phone Financial Services Policy Initiative (AMPI) Leaders Roundtable meeting held 4-6 February 2014 in Naivasha, Kenya, was a historic event and tremendous step forward in moving the region toward collectively focusing on harnessing and further enabling the expansion of digital financial inclusion across Africa.
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- Uncategorized
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Is there a war for mobile money agents going on in Zimbabwe?
Over the past several days, the discussion in the mobile money space locally has been around a threatening SMS that Econet was accused of sending to their EcoCash agents, essentially telling them that becoming Telecash agents would be a bad move.
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- Uncategorized
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Micro lending startup ApexPeak to raise massive $200-million fund
ApexPeak is a micro lender that aims to loan money faster and easier than traditional banks would allow.
- Categories
- Uncategorized
- Tags
- mobile finance
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Will T-Mobile be able to sort out America’s personal finance woes?
Not content with conquering one industry, the Seattle-based mobile network company is moving into the realms of personal finance
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- Uncategorized
- Tags
- mobile finance
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Authors reveal how banks fought hard to kill M-Pesa
Kenyan banks fought tooth and nail to have M-Pesa shut down one year after its launch as its popularity was spreading like bushfire and posed a threat to their operations, a new book launched last evening reveals.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Banking for All – Drive to ensure world’s poor have access to accounts
For banks, there is the chance to harvest the deposits of millions of new customers and establish a presence in small but fast-growing markets.
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- Uncategorized
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