A mobile money transfer service launched by Safaricom that has revolutionized financial transactions in Kenya, significantly contributing to the economy.
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.
Tanzania’s NALA enters Kenya with Equity Bank, Pesalink partnership
NALA has expanded into Kenya through a partnership with Equity Bank and Pesalink. The partnership allows for real-time fund transfers to mobile wallets or bank accounts.
Kenya moves to split Safaricom as debt pressures mount
Kenya is considering splitting Safaricom into three separate units: a telecommunications firm, a tower operator, and M-PESA. The government plans to reduce its ownership in Safaricom as part of a divestment strategy to raise KSh 149 billion ($1.16 billion).
M-PESA Sokoni Caravan Rolls into Nairobi
The M-PESA Sokoni Caravan has entered the Nairobi Region, marking the final leg of its nationwide tour. The tour began in June and has engaged customers across various regions, including Coast, Rift Valley, and Mt. Kenya.
Revolut Targets Morocco for MENA Expansion, Faces Tough Competition from Local Leader Cash Plus
Revolut appoints Amine Berrada to lead its expansion efforts in Morocco. The company aims to challenge local competitors in a rapidly growing market.
