Customer fears over fraud and poor network connectivity have hindered the use of bank cards for merchant transactions in Kenya, the Central Bank of Kenya (CBK) has said. The monetary regulator said in its national payments strategy released last month that the cost of terminals and lower acceptance by merchants as opposed to cash and […]
Tag: safaricom
Dividend boom is here as banks turn the corner on Covid woes
Investors and analysts, during the peak of Covid-19 infections, did not expect payouts to snap back quickly to 2019 levels. Kariuki Ngari, the chief executive of Standard Chartered Bank of Kenya, says he does not need to “hold anything in excess” like in 2020 when Covid-19 disruptions convinced him to conserve cash. At the time, […]
Safaricom could separate M-Pesa from its mobile and data business
Central Bank of Kenya Governor Patrick Njoroge . [David Gichuru,Standard] This content is exclusively available to standardmedia.co.ke subscribers. JUST KSh.10 /day Enjoy TRUE. TRANSPARENT. IMPACTFUL. The value of quality journalism When you subscribe to standardmedia.co.ke, you get: – Unlimited access to all premium content. – Access to The Standard e-paper (Web & Android). – Free […]
Kenyans encouraged to embrace new technological innovations
KNA1 March 16, 2022 Counties, Historic Photos, Nairobi, Technology 0 The government is working with innovation hubs to lower entry barriers for ICT entrepreneurs and help scale their business in the country and beyond. ICT, Innovation and Youth Affairs Cabinet Secretary Joe Mucheru said the delivery of digital transformation will involve all players in the […]
Can Africa make the medicines it needs? [Business Africa]
Business Africa presenter interviews Lenias Hwenda, the CEO of Medicines for Africa – Copyright © africanews Cleared The COVID-19 pandemic has exposed Africa’s vulnerabilities in ensuring access to vital drugs, vaccines, and health technologies. The continent imports nearly 95% of all medicines it uses. Only 3% of global medicine manufacturing is done in Africa. But […]
Safaricom rewards users hourly with 15% cashback to celebrate M-pesa
For every hour, Safaricom will be rewarding 15 M-Pesa and Business App users with a 15 per cent cashback. This is to celebrate 15 years since M-Pesa services were launched. "M-Pesa is turning 15 years and we cannot keep calm! That is 15 years of Mpesa that you have made it happen!" Safaricom said. Safaricom […]
Samsung hosts inaugural device experience partner summit
Samsung Electronics East Africa hosted its inaugural strategic partner summit at Villa Rosa Kempinski Hotel. The event was attended by key Samsung distributors and dealers from all over Kenya. The main objective of the summit was to bring together the key stakeholders to further emphasize the strengthening of links with Samsung to ensure the best […]
Safaricom mulls making M-Pesa a subsidiary
Safaricom is considering spinning off its M-Pesa mobile money division into a full subsidiary, in what seems to be a push to align with more traditional banking institutions. Chairman Michael Joseph said there is no timetable for the potential move as the move is in the “early stages of thinking only”, he told Reuters. Governor […]
Covid-19 pushes Safaricom to seize digital opportunity
INTERVIEW : Safaricom CEO Peter Ndegwa ( pictured ) argued Covid-19 (coronavirus) had galvanised the operator’s efforts to transform into a technology company, though acknowledged it was still in the early phases and continued to face barriers around access and affordability. He explained Safaricom’s first priority when lockdowns were imposed in 2020 was to maintain […]
Dormant mobile money accounts jump 926,000
The number of dormant mobile money accounts increased by 926,000 last year driven by defaults on digital loans that pushed subscribers to deactivate their SIM cards. Central Bank of Kenya (CBK) data shows that 40.93 million out of the 68 million registered mobile money accounts were inactive as of December 2021. This was up from […]