Business

CR2 Announce Partnership With Thunes To Expand In 130 Countries

CR2 Announce Partnership With Thunes To Expand In 130 Countries

Digital banking and payments vendor, CR2 has partnered with Thunes, a global B2B payments company to make seamless payments to more than 130 countries. Historically, cross-border payments relied on correspondent banking networks and were typically costly for both the sender and receiver. The partnership allows consumers to send and receive money in a more convenient, […]
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Absa Bank Kenya Taps Huawei to Build SD-WAN Architecture

Absa Bank Kenya Taps Huawei to Build SD-WAN Architecture

Absa Bank Kenya has partnered with Huawei to establish a software-defined wide area network (SD-WAN) to connect the bank’s branches. The SD-WAN, as a next-generation technology and service, is based on cost-effectiveness, agility, flexibility, scalability, security, and compliance. As business continues to expand, Absa Bank Kenya is actively seeking the most appropriate network infrastructure. “We strive […]
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Benefits of Software as a service (SaaS)

Benefits of Software as a service (SaaS)

Software as a service (SaaS) is software that is accessible from any web browser, rather than installed onto individual machines or networks. This means no maintenance or IT involvement on the customer side, making adoption and ongoing use as easy as it can be. SaaS is transforming the way we work, socialise, and do business […]
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New Fuliza Charges As From October 1 2022

New Fuliza Charges As From October 1 2022

Safaricom has announced that it will reduce the daily maintenance fees of its M-PESA overdraft service, Fuliza by up to 40% from the beginning of the month. Fuliza enables M-PESA customers to complete their M-PESA transactions when they have insufficient funds in their M-PESA account. The service is available as many times as possible provided […]
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Jumia Opens Integrated Warehouse To Fasten Delivery Time

Jumia Opens Integrated Warehouse To Fasten Delivery Time

Jumia, the e-commerce platform in Kenya has launched a new integrated warehouse and logistics network facility in Nairobi. The new facility will aim to transform Jumia logistics operations by providing increased storage capacity for scale-up of warehouse operations and better management of the business due to the convergence of various services. The warehouse and network […]
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Digital firms have in recent years flooded the local market, attracted by the demand for quick credit that does not require collateral.

Tala, Branch Miss Out Of The 10 Digital Lenders Licensed By CBK

The Central Bank of Kenya(CBK) has directed unregulated digital lenders to cease operations in the country following the lapse of the 6-month registration period that required them to comply with the Digital Credit Providers regulations. Under the regulations, all digital lenders were expected to apply for licenses from the banking regulator before September 17. Gazettement […]
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