Financial & Tech - Afritech Media

AAR Insurance goes paperless with Mobile App

AAR Insurance has unveiled a mobile app as part of its plan to go paperless as it eyes a rising number of tech-savvy customers. Medical cover provider is targeting 80 per cent of its transaction to be conducted online with the AAR Mobile App, which is available on Android Play Store and Apple Play Store. […]

DTB Bank shuts 6 branches in a merger consolidation

DTB Bank to shut 6 branches in a merger consolidation

Diamond Trust Bank (DTB) has announced that it is closing 6 of its branches in a post-merger exercise to consolidate its operations. In a public notice, the bank said that the Central Bank of Kenya has approved an application by DTB Kenya to consolidate its branches in certain locations within the country. “The DTB branch […]

Interswitch to support SME with Quickteller Business

Interswitch Group has launched Quickteller Business to facilitate payments and manage transactions from anywhere in the world. The new service is a comprehensive corporate solution focused on empowering businesses of all sizes through a simple integrated platform. Quickteller Business will broaden payment management capabilities to businesses and merchants of all sizes. It will also allow […]

Mastercard, MTN partner to deepen digital commerce across Africa

Mastercard has partnered with MTN to enable millions of consumers in 16 countries across Africa to make global e-commerce payments safely and securely. Through a Mastercard virtual payment solution linked to MTN MoMo (Mobile Money) wallets, consumers and merchants can engage with brands and businesses abroad through digital commerce, extending their reach to an international […]

Telkom Kenya, Airtel given greenlight to restart merger

The High Court has cleared Telkom Kenya and Airtel to renew their planned merger which the court had previously revoked. This is after it received a letter from the anti-graft agency questioning the sale of Telkom’s properties during the privatization period. In his judgement, High Court Judge Jairus Ngaa said that the move by the […]

Safaricom introduces Cashless Fare to 400 Nairobi Matatus

Safaricom has today partnered with Forward Travelers to offer an M-PESA fare collection solution to commuters in Nairobi. The service dubbed Simple Fare, a mobile and financial integration technology developed by Netcen Interactives will enable commuters to pay fare through Lipa Na M-PESA with the payment immediately reflecting to the bus crew’s phones. The service […]

Ukheshe, KCB Bank in Deal to Boost East African Payment Services

Ukheshe, South African fintech startup has introduced a new Bank Identification Number (BIN) deal with Kenya-based lender KCB Bank Kenya. The new deal will see KCB sponsor Ukheshe’s Bank Identification Number (BIN) number, which will allow the startup to immediately issue both physical and virtual cards across East Africa where KCB has an extensive footprint. […]

Google Unveils $10M Grant to Kenya for Post Covid-19 Recovery

American tech giant Google has announced a 10 million US dollar package to support Kenya’s post Covid-19 recovery efforts. The announcement was made Wednesday evening by Google’s Chief Executive Officer Sundar Pichai during a virtual meeting with President Uhuru Kenyatta on the sidelines of a public discussion on digital transformation in Africa organised by the […]

Free money transfer service Taptap Send launches in Kenya

Venture-backed startup, Taptap Send which allows immigrants to send money home to emerging markets instantly has launched in Kenya. Taptap Send’s app-based solution which is also live Ghana, Madagascar, Senegal, Mali, Zambia, Guinea, Ivory Coast, Cameroon and Bangladesh allow users to send money at no fee. The new service will allow users to send money […]