PYMNTS

NOVEMBER 10, 2019

Kenya has passed a new data protection law in the hopes of attracting more foreign technology companies into the country. Kenya has joined the global community in terms of data protection standards,” Joe Mucheru, minister for information, technology and communication, told Reuters. I’m delighted to welcome AWS’s investment in Kenya.

Regulation 109

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PYMNTS

SEPTEMBER 2, 2016

Zuckerberg made the comments in Nigeria ahead of a trip to Kenya, which is leading the world in terms of mobile money. Upon landing in Kenya , Zuckerberg let his 78 million followers on Facebook know about his enthusiasm about Africa. Kenya has 5.3 This is where the future is going to be built,” Zuckerberg said.

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social media Mobile Regional System 113

Bank Innovation

APRIL 29, 2016

Brett hosts Kamal Budhabbatti, called the Bill Gates of Kenya to talk about the amazing fintech scene in that part of the world. And Scout Finance Founders- Vivek Nasta and Ariez Dustoor are talking about their work to allow investment professionals to always be able to access their clients information Read More.

Fintech 150

Fintech Online Innovation Technology 150

Chris Skinner

MAY 9, 2016

Last week I chaired the inaugural Dot Finance Live conference in Nairobi, Kenya. What struck me as I listened to lots of keynotes about mobile innovation and mobile financial inclusion, is that Africa is actually leading the world in …

Mobile 150

Mobile Conference Fintech Innovation 150

PYMNTS

MARCH 2, 2020

“We are able to deliver a package at one-sixth of the price of any other best-in-class eCommerce business in the world,” Steel said. “We Jumia , which was founded by two Frenchmen in 2012, operates in 11 African countries, from Morocco to Nigeria and Kenya, and has been referred to as Africa’s version of Amazon.

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PYMNTS

APRIL 6, 2020

Michael Joseph, outgoing Safaricom CEO, said he was excited that the management, support and development of the M-PESA platform have moved to Kenya, where the journey to transform the world of mobile payments began 13 years ago. According to the statement, 25 percent of all M-PESA customers have access to a smartphone.

Payments 141

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PYMNTS

SEPTEMBER 30, 2020

That makes it difficult for him to cover the costs of running his business, Green World Recycling , Reuters reported. In Kenya, there were 176,000 tons of imports of clothing in 2018, equivalent to more than 335 million pairs of jeans, according to Reuters.

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Marketing Report Company Retail 257

PYMNTS

JULY 8, 2020

Loon , the balloon-centric project attempting to connect people to the internet, is live in Kenya, according to Alastair Westgarth from the company in a Medium blog post. The Alphabet subsidiary is described in the blog post as “a network of floating cell towers,” or balloons which are sent into the sky to provide internet access.

Regional 149

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PYMNTS

AUGUST 10, 2018

In an effort to take advantage of mobile phone penetration, Postbank Kenya has launched a new banking service. As of now, over 45 million people in Kenya have a mobile phone. The mobile offering, which is called M-Chama, is geared toward small groups, KBC reported. Suri told the paper the kiosks act as debit cards.

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PYMNTS

MAY 4, 2018

The payments technology company said this week that it will begin the initiative with consumer goods company Unilever in Kenya , which uses distribution data from Unilever and analysis from Mastercard to analyze inventory trends of businesses that procure from Unilever.

Analysis 100

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Chris Skinner

JULY 13, 2017

The issuance of debit and credit cards was limited and, thanks to building infrastructure just in the past decades, the economy has managed to leap-frog the Western world. Thanks to mobile … The post A three-stream financial world: which one to watch? a day, the measure of the official poverty line today.

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PYMNTS

AUGUST 14, 2018

Welcome to The Axis, your late look at payments news from around the world. Coverage includes WorldRemit ’s partnership with Safaricom for money transfers to mobile money accounts in Kenya. The partnership comes as the Central Bank of Kenya has reported inward remittances of $1.95 billion in 2018 to $22 billion by 2023.

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PYMNTS

JULY 16, 2020

Mobile money transfers are currently available to UNFCU members in Bangladesh , Ethiopia , Fiji , Ghana , Guatemala , Kenya , Malawi , Mexico , Nepal , Nigeria , Sri Lanka , Vietnam , Uganda , and Zambia, according to the release. “We will continue to work with Thunes to expand the network to more countries worldwide.”

Mobile 167

Mobile National Operations Regulation 167

PYMNTS

JUNE 3, 2019

At the same time, digital payment options are continuing to be developed and introduced into markets around the world, often reflecting local payment options. The goal is to enable more payment options for consumers around the world. Replacing Cards. In this case, they are not replacing cash; they are replacing cards,” he said.

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Payments Mobile Cards Fintech 189

PYMNTS

FEBRUARY 13, 2019

The service is being offered in 10 countries, including Chile, Peru, Colombia, Hong Kong, Thailand, Taiwan, Philippines, Malaysia, Kenya and Indonesia. Western Union has rolled out a new payment option that will let international Amazon.com customers pay in their respective country’s currency, the company announced in a press release.

Payments 162

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PYMNTS

SEPTEMBER 4, 2018

That system is called World Wire and will be run on the Stellar network. Kenya, for example, is on track to launch its own blockchain cryptocurrency. This past week, several collaborations between large tech firms, traditional FIs and FinTech upstarts stood out, with some blockchain projects thrown in for good measure. Click here.

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PYMNTS

APRIL 23, 2020

Western Union’s digital services are available in the top 20 primary remittance-sending countries ranked by the World Bank. The company’s digital money transfer service represented the biggest growth segment of its business last year. In March, Western Union expanded to more than 75 countries.

Payments 241

Payments Strategy Fintech Cards 241

PYMNTS

SEPTEMBER 17, 2020

In today’s top news in payments around the world, Delivery Hero said it has acquired Glovo’s Latin America operations, and Telefónica is teaming with Rakuten for the development of an OpenRAN (radio access network). Plus, Flipkart Group is reportedly getting ready to go public as early as next year.

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PYMNTS

OCTOBER 22, 2018

In a press release , Tala said the undisclosed investment from PayPal will help the company bring visibility and access to underserved regions in emerging markets across the world. Tala currently operates in Kenya, Tanzania, the Philippines and Mexico, and has launched a pilot in India.

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PYMNTS

NOVEMBER 5, 2020

As the world has accelerated online adoption in the face of COVID-19, any smart business knows it’s time to think global in its payment strategy if they want to grow in the upcoming years. Aside from Crosby, Nium also hired Dana Nino as global senior vice president for growth, customer success and partnership. trillion by 2025.

Fintech 130

Fintech Strategy Regional Marketing 130

PYMNTS

JANUARY 22, 2020

The partnership with Airtel Africa will allow over 15 million Airtel Money mobile wallet users in Nigeria, Uganda, Gabon, Tanzania, Zambia, DRC, Malawi, Madagascar, Kenya, Congo, Niger, Tchad, Rwanda and Seychelles to route any money transfer received from across the world into their mobile eWallets.

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Payments Mobile Marketing Meeting 131

PYMNTS

MARCH 3, 2020

There are over 250 million female entrepreneurs around the world. Women power economies around the world and increasingly are a driving force in the creation of new businesses,” said Visa CEO and Chairman Al Kelly. Visa will offer business education and expanded access to financial services to 10,000 micro-businesses in Kenya.

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PYMNTS

APRIL 11, 2017

In the developed world, particularly in the United States, mobile payments have entered the scene with a lot of fanfare and great expectations — but haven’t delivered all that much in the way of impressive results. In the developing world, the situation has been interestingly inverted over the past decade.

Mobile 119

Mobile Study Survey United States 119

Bankelele

FEBRUARY 4, 2021

Stanbic Bank Kenya has appointed Brigid Kosgei, the world record-holder in the women’s marathon, as the brand ambassador for “It can Be”, making her the face of the campaign in the country. The post Brigid Kosgei, Stanbic Bank Kenya Ambassador appeared first on Bankelele.

Community 36

Community Branding Management 36

PYMNTS

SEPTEMBER 15, 2017

In 2009, Chris Welles set out to participate in his first Rhino Charge , an off-road motorsport competition in remote Kenya. Rhino Charge is comprised of 65 competing teams from around the world racing through 13 coordinate points scattered over 38 square miles. Tackling cross-border sourcing. Receiving shipments and making payments.

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PYMNTS

SEPTEMBER 17, 2020

To provide some perspective on how big that number is, if the pet industry was a country it would have the 60th highest GDP in the world, right between Angola and Kenya. Americans spent $95.6 billion in 2019 feeding and caring for their pets.

Online 238

Online Retail US Industry 238

PYMNTS

SEPTEMBER 17, 2018

million active users in six African countries including Uganda, South Africa, Nigeria, Tanzania, Kenya and Ghana. Demand in Africa for ride-hailing services is a lot bigger than in the developed world and Europe because of the lack of public transport and low car ownership,” Villig told the WSJ. Uber meanwhile has 1.3

Operations 189

Operations Report Company Industry 189

PYMNTS

MARCH 5, 2019

Phone-based banking has had success in other international emerging markets like China, India and Kenya. What’s more, the company said developers around the world were making skills and devices for Alexa for Mexican customers. “They have also said that they could implement it relatively quickly,” Cortina said.

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PYMNTS

MARCH 25, 2019

Welcome to The Axis, your late look at payments news from around the world. In other news, a regional financial institution in Kenya is looking to grow Alipay’s and WeChat Pay’s presence in Africa, Xinhua reported. Coverage includes the acceptance of smartphone payments for transportation in Australia.

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Mobile Payments Google Survey 115

PYMNTS

FEBRUARY 13, 2018

The partnership has resulted in a short film, “ 22 Languages, ” which celebrates football fans, 22 of them, from around the world and their passions. In other news, Mastercard released a Love Index on Valentine’s Day consumer habits in Kenya. The report found a 183 percent increase in the number of online transactions between Feb.

Examples 109

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PYMNTS

APRIL 8, 2019

Branch and Visa plan to jointly offer virtual prepaid debit card numbers to customers around the world, allowing unbanked Branch customers to receive a credit at any ATM without the need for a bank account. “We We started Branch in Kenya, where M-Pesa gives anyone with a phone – including the unbanked – access to digital credit.

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Capital ATM Mobile America 135

Bobsguide

SEPTEMBER 30, 2016

The promise of mobile money has changed many lives all over the world, but despite the wide recognition of the success of M-Pesa in Kenya, it is yet to be replicated and the rest of the industry remains fragmented. While fintech hubs exist all over the world, more needs to be done to make a real.

Fintech 60

Fintech Mobile Industry 60

PYMNTS

DECEMBER 18, 2019

Africa is, notably, among the world’s largest recipients of cross-border remittances. It is also approved to enable cross-border money transfers to mobile wallets in Tanzania and Kenya. TerraPay received approval from the Bank of Uganda in early 2017 to process international money transfers to mobile wallets in the country.

Groups 130

Groups Mobile Regional America 130

Bankelele

FEBRUARY 17, 2018

Kenya is the only African country that has successfully tapped the green energy potential of geothermal power and is ranked number eight in the world. Kenya’s 676MW geothermal output trails that of the USA (3,567MW) Philippines, Indonesia, New Zealand, Italy, Mexico, Turkey, and ahead of Iceland, and Japan.

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51

PYMNTS

DECEMBER 17, 2020

Resilience has been put to the test in 2020, and small businesses have shown the world what the word really means. Massachusetts regulators filed a complaint against Robinhood on Wednesday (Dec. 16) alleging that the stock-trading platform failed to protect its customers and their assets, violating state laws and regulations.

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Massachusetts Bitcoin Payments System 147

Bankelele

FEBRUARY 13, 2019

The post Kenya’s Sportpesa joins the world of Formula One sponsorship appeared first on Bankelele. Others sponsors of the team are Bombardier, JCB, BWT and team officials also announced there was room for more sponsors to push the team forward to better performances on […].

Company 63

Company 63

PYMNTS

SEPTEMBER 3, 2018

The summer, now drawing to a close, brought significant payments and commerce activity outside the Western world. In Kenya, banks are pursuing regulatory approval to use distributed ledger technologies (DLTs) to facilitate payments and create credit scoring models.

Payments 132

Payments Conference Google Tools 132