The Central Bank of Kenya (CBK) has released the results of the inaugural Diaspora Remittances Survey. The Survey was conducted from March to May 2021, and aimed at collecting valuable information on remittance inflows to [c]
There are few people who are ready to make major purchases with their own assets alone. That is perfectly normal since that is what loans are for, aren’t they? However, what if you have tried [c]
Microsoft has reaffirmed its commitment to assisting Kenyan financial services providers in their digital transformation by providing specialized Cloud solutions. The commitment is made considering the current operating environment, which has been exacerbated by the [c]
IBM has announced that major financial institutions across Africa have selected hybrid cloud and AI capabilities from IBM to unlock digital innovation and continue their work to develop digital-first solutions, ultimately broadening access to financial [c]
Even with a high banked population and a multitude of electronic payment options available, the average South African still use cash for daily purchases and payments with an estimated 78-80% of transactions being in cash. [c]
Visa showcased key innovation capabilities that will accelerate financial inclusion in sub-Saharan Africa. Hosting industry stakeholders at an event focused on innovation, the company highlighted co-creation as an essential component in developing market-ready payment solutions [c]
Amidst the growing trend toward eco-conscious spending and consumption among people who want to pursue more sustainable choices and practices, Mastercard has released its Mastercard Carbon Calculator for the Middle East & Africa. Developed in [c]
The Central Bank of Kenya (CBK) has announced the resumption of charges for transactions above Kshs 100 effected through bank specific (in-house) mobile money wallets that are closely linked to the Savings and Credit Societies [c]
By Oluwasanmi Akinmusire Informal employment represents 80-90% of the total workforce in most African countries, forming the bulk of the workforce. Gig workers are a growing segment of the informal economy, driven by an increase [c]
Incentro Africa, an IT service provider delivering custom build software solutions for the European and African market, is leveraging its novel cloud solutions to enhance the capacity and efficiency of businesses. This, as it migrates [c]
Living paycheck to paycheck is exhausting. As soon as your paycheck comes in, you have to spend it all on necessities like rent, utilities, insurance, and paying off debt. There’s usually little, if anything, left [c]
Mobile money subscribers will from January 1, 2021 be charged for transfers above Kshs 100 after the emergency measures introduced by the Central Bank of Kenya (CBK) to facilitate increased use of mobile money transactions [c]
Mastercard has announced Cyber Secure, an AI-powered suite of tools that allows banks to assess cyber risks across their ecosystem and prevent potential breaches. With these capabilities, banks can identify and prioritize threats and vulnerabilities [c]
In 2019, 773,943 users of Kaspersky solutions globally were attacked by banking Trojans. Of those users, a third (35.1%) were in the corporate sector. African countries were affected too: almost every hundredth user (varying from [c]
Kaspersky security researchers have reported on thousands of notifications of attacks on major banks located in the sub-Saharan Africa (SSA) region. The malware used in the attacks indicates that the threat actors are most likely [c]
Infobip, a cloud communications company for businesses and vendor of omnichannel engagement solutions, is enhancing its presence in Kenya. By using Infobip’s omnichannel solution, Kenyan businesses can choose the optimal communication channels for specific types [c]
The news that three Dutch banks as well as the Dutch Taxation Authority were hit earlier this year by targeted distributed denial of services (DDoS) attacks holds grave cybersecurity warnings for African businesses of all sizes. [c]
If there’s one industry we should be most concerned about when it comes to cyber criminals and security, it’s the one that looks after our money. “The financial services industry is under continual threat [c]
Kenya Bankers Association’s subsidiary Integrated Payment Services Limited (IPSL) has received a global accolade for its role in delivering PesaLink, a real-time payments platform for banks. PesaLink has picked the Best Banking Initiative Award in [c]
The African e-commerce sector is plagued by cash, with the majority of payments still being made in cash at the point of delivery. Understanding the impact of this challenge, Mastercard has partnered with Nigerian tech [c]
Banks and payment organizations are finding it difficult to manage online financial fraud in today’s connected and complex technological landscape according to a new survey by Kaspersky Lab and B2B International. Over a third (38%) [c]
Nairobi is set to host the second annual Payments East Africa 2016. The conference, to be held at the Radisson Blu Hotel from September 27 – 28, comes at a time when banks and telcoms [c]
By Eyal Benishti Imagine for a minute that you are the CISO of a financial institution. One morning, a member of your security team hastily awakens you and informs that a major cyber attack took [c]
Mitsumi Group through its technology arm Komtel Kenya has unveiled a 24-hour automatic cash deposit machine that will be expected to significantly reduce the long queues that are normally experienced in banking halls particularly during end [c]
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