A mobile money transfer service launched by Safaricom that has revolutionized financial transactions in Kenya, significantly contributing to the economy.
Here’s a list of remittance companies cleared to handle cross-border remittances in Ethiopia
The National Bank of Ethiopia has licensed 88 money transfer operators. Global companies like Western Union and MoneyGram are operating alongside newer entrants.
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Amazon's Project Kuiper plans to hire locally and build ground stations across Africa. The satellite company partnered with Vodacom in 2023 to launch a pilot in South Africa.
This fintech is driving billions in consumer loans across Africa and staying under the radar
Kuunda has powered more than $3 billion in loans since 2018, operating behind the scenes in the digital lending space. The company specializes in providing liquidity infrastructure to partners through its liquidity API and credit scoring algorithms.
Safaricom Unveils Fintech 2.0, Revolutionizing M-PESA with AI, Enhanced Capacity, and Future-Ready Infrastructure
Safaricom introduced Fintech 2.0, the most significant enhancement to M-PESA since 2015. The upgrade increases M-PESA's transaction processing capability from 4,500 to 6,000 transactions per second.
PayU Kenya Enters Liquidation After Struggling to Gain Traction in Competitive Fintech Market
PayU Kenya Ltd. has entered liquidation after six years of operation. The company appointed Sonal Tejpal as the liquidator to wind up its operations.
