KenyaRSS

Kenya leads Africa in financial inclusion innovation

De-risking in Africa

Kenya is leading the way when it comes to digital innovation for financial inclusion in Africa, according to research by the Consultative Group to Assist the Poor (CGAP). Earlier this year, CGAP says it invited firms and organisations to submit proposals for digital innovations they believe have the most potential to advance financial inclusion in […]

National Bank of Kenya in core banking system upgrade

Kenya flag

National Bank of Kenya says it has upgraded to “the fifth and latest version” of its core banking platform, Fusionbanking Essense, supplied by Finastra (formerly Misys).

Abu Dhabi and Kenya form fintech bridge

Abu Dhabi Global Market (ADGM), the International Financial Centre in Abu Dhabi, and the Capital Markets Authority (CMA) Kenya have signed a co-operation agreement for fintech innovation. The agreement provides a framework for information sharing; and keeping abreast of regulatory and relevant economic or commercial developments in the respective markets. They will also support fintech […]

mVisa takes on M-Pesa with free domestic mobile money transfers

Kenya flag

Move over M-Pesa, customers of a Visa-led bank partnership in Kenya will be able to send money to each other domestically without paying transaction fees using mVisa, and the payments network has added additional in-store merchant acceptance for the QR-code-based payment method. Banking Technology‘s sister publication Paybefore reports that the partnership offering free person-to-person (P2P) transactions […]

Vodafone sells M-Pesa interest to South African affiliate

m-pesa-logo

Vodafone has transferred most of its ownership stake in Safaricom – the provider of Kenya’s mega-popular M-Pesa mobile money transfer service – to Vodacom, Vodafone’s South African affiliate. Banking Technology‘s sister publication Paybefore reports that under the plan, Vodacom will issue $2.5 billion in shares to Vodafone in return for a 35% interest in Safaricom. […]

HF Group live with new core banking system, Intrasoft’s Profits

Kenya flag

Kenya-based mortgage lender Housing Finance (HF Group) has gone live with a new core banking system, Profits, supplied by Intrasoft International.

NLS and KCB Bank in court over tech use

NetSpend settles

Kenya-based banking tech provider and integrator NLS Banking Solutions is seeking an injunction against Kenya Commercial Bank (KCB) for software infringement rights.

Kenya Bankers Association unveils real-time interbank switch

Kenya 1

Kenya Bankers Association (KBA) has launched its real-time interbank switch, PesaLink, and kicked off a phased rollout of the digital payments platform. The product has been in the making since 2013, when KBA member banks decided to create their own industrywide switch to rival the M-Pesa services. KBA vice-chairman John Gachora says PesaLink is “proof […]

Core banking system & consultant selection at NRS Sacco in Kenya

Kikuyu Town, home of NRS Sacco

A savings and credit co-operative society in Kenya, NRS Sacco, is looking to renovate its core software, and has issued a call for a new software provider. It is also looking to procure consultancy services to help it with system selection.

Puan Sacco Society issues banking tech RFP

Narok, Kenya

A savings and credit co-operative society (Sacco) in Kenya, Puan Sacco Society, has issued an RFP for new banking solutions. The Sacco is looking for core banking, SMS banking and mobile lending software, and a payroll management system. Provision of point-to-point connectivity services and office internet services, plus hardware maintenance are also included in the […]

@banking
techno