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Kenya’s Safaricom Tests New Mobile Savings Service
Policymakers say the East African nation suffers from a low national savings rate and analysts said Safaricom could be looking to target that untapped market with the new product, dubbed “Mali” (Kiswahili for wealth).
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Lessons From M-Pesa for Africa’s New VC-Rich Fintech Startups
Over the last decade, Africa has been in the midst of a startup boom accompanied by big growth in VC and improvements in internet and mobile penetration.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenya passes data protection law crucial for tech investments
Kenyan President Uhuru Kenyatta on Friday approved a data protection law which complies with European Union legal standards as it looks to bolster investment in its information technology sector.
- Categories
- Technology
- Region
- Sub-Saharan Africa
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M-Pesa Mulls Joining Nigeria’s Mobile Money Market
Safaricom, a major player in the East African Telco market and mobile money operator, will be considering its prospects in the West African zone with Nigeria as the key driver.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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M-Pesa Remains Primarily a Payments Tool, a 2019 CGAP Survey Reveals
The survey has revealed that an average M-PESA net balance is less than KES 1,000 ($10) and this figure remains constant whether the user has a bank account or not. These balances were the same across employment types and income levels.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Viewpoint: Regulators Walk the ‘Mobile Money’ Line
Banking-by-phone is on the rise, and so are the risks of anti-competitive behaviour and money laundering.
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Vodacom Poised to Widen M-Pesa Availability
“We think it’s time to level the playing field and so it doesn’t matter how big your GSM base is, customers should be able to access our service,” he added. “We very much see M-Pesa becoming like an OTT service.”
- Categories
- Finance
- Region
- Sub-Saharan Africa
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Kenya Regulators Warn MPs on Safaricom Split Bill
The issue of competition in Kenyan market is an issue politicians and regulators have regularly investigated over the last two years, with calls to spin-out mobile money units nothing new.
- Categories
- Finance, Technology
- Region
- Sub-Saharan Africa
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