KenyaRSS

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 […]

Chase Bank Kenya migrates card portfolio to OpenWay’s Way4 platform

chasebank

Chase Bank Kenya has migrated its full card portfolio to the Way4 payment software platform from Electra Card System. The solution is developed by Belgium-based OpenWay and Way4 will support the issuance of prepaid, debit and credit cards — under the MasterCard and Visa brands. Chase Bank Kenya is looking to grow its cards business […]

South Africa’s JSE aims to ‘spearhead’ African cross-listings with ETFs

Oosthuyse: blah blah blah

Stock markets in Nigeria, Kenya and South Africa are planning to launch cross-listed exchange traded funds later this year, as part of an initiative that aims to boost liquidity across Africa’s three largest markets.

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