I&M Group achieved strong operating revenues in all its markets, with regional businesses contributing 28% of the Group’s profit before tax, during the third quarter of 2024. The growth was fuelled by substantial gains in [c]
Safaricom contributed Kshs 983 billion to Kenya’s economy as it sustained 1,283,329 jobs in the last Financial Year. This is according to the telco’s 13th Sustainable Business Report, which was launched this week as the [c]
Safaricom and Mastercard have signed a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is set to benefit over 636,000 merchants using M-PESA, Safaricom’s leading mobile money [c]
A consumer campaign by I&M Bank Kenya which waives transfer fees charges for bank to MPESA and Airtel Money transactions has enabled the lender to increase its customer base by 33% year-on-year (YoY) as per [c]
The previous code that Airtel Money customers would receive to withdraw money sent to them from MPESA subscribers has been permanently discontinued. CBK now requires all mobile money service providers to reconfigure their ‘send money’ [c]
The increase in mobile money adoption and greater usage in terms of average transaction values has led to the growth of interoperability solutions being designed. Initially, it was market-led and driven by the need identified [c]
Vodafone and Microsoft have announced a new, far-reaching 10-year strategic partnership that leverages their respective strengths in offering scaled digital platforms to more than 300 million businesses, public sector organisations, and consumers across Europe and [c]
Safaricom’s MPESA and Airtel Kenya’s Airtel Money subscribers can now transact up to Kshs 500,000 via their mobile money accounts following an approval by the Central Bank of Kenya (CBK). The higher account limit will [c]
Six days after announcing that Anwar Soussa would exit his position as the CEO of Safaricom Ethiopia at the end of July 2023, the telco has followed up with an update, stating that Wim Vanhelleputte [c]
Safaricom Telecommunications Ethiopia has been granted the license to operate mobile money services in Ethiopia. The licence comes seven months after the telco launched its commercial GSM services in the country. The M-PESA license will [c]
The HELB mini app on MPESA will enable the beneficiaries to access their HELB upkeep, withdraw funds, repay loans, apply for subsequent loans, view their loan status and access their statements all from an Android and iPhone app. [c]
Mobile money services have transformed the lives of many people in Africa but taxation policies pose a significant challenge to the financial inclusion gains made by these innovations. In an increasingly digital economy, accelerated by [c]
The M-Pesa SSOC will support M-Pesa operations in Tanzania, the DRC, Mozambique, Lesotho, Ghana as well as future markets the service expands to. M-Pesa platform operations in the five markets were previously being handled across several points in Africa and Europe and the SSOC brings the entire platform in-house to a single point in Kenya for the first time. [c]
Safaricom has announced reduction in charges for paybill and business to customer tariffs in an effort to ensure affordability and mitigate the prevailing economic challenges faced by customers. In the new changes, Bank to M-PESA [c]
New research from Vodafone Group, Vodacom Group, Safaricom, and the United Nations Development Programme (UNDP) indicates that the successful deployment and adoption of mobile financial services is associated with a positive impact on GDP growth [c]
Safaricom, NCBA and KCB Bank Kenya have announced a restructuring of the Fuliza overdraft facility in a move that will see customers transacting on Fuliza access the overdraft facility at a free daily maintenance fee [c]
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