Financial & Tech - Afritech Media

Top 5 Digital Banking Platforms to Get a Loan

The importance of digital banking in acquiring loans cannot be emphasized enough. We always go low on finances and when that happens, we look for quick solutions such as loans to change the situation. Below are five of the best digital banking platforms that you can acquire a loan from almost instantly. NCBA Loop NCBA […]

how to apply for lipa na Mpesa toll number online

How to apply for Lipa na Mpesa Till Number Online

Lipa Na M-PESA is a free service which enables business owners to collect payments on the till and use the money collected to make other transactions directly from the till such as: Pay to another Buy Goods Till Pay to a mobile number Pay to a utilities (Paybill) till Withdraw cash at an M-PESA agent […]

MarketForce secures $2 Million funding for expansion in the region

Kenyan retail distribution platform, MarketForce has raised Ksh. 215,880,000 ($2 million) to launch in Nigeria and to scale up operations in RejaReja to more towns in East Africa. The new funding brings MarketForce’s total capital to Ksh. 269,850,000 ($2.5 million) after it raised Ksh. 37.8 million ($350,000) seed round last year and Ksh. 16.2 million ($150,000) […]

M-KOPA Expands to Nigeria with appointment of Babajide Duroshola as GM

M-KOPA today announced it has officially expanded to Nigeria. To lead the Nigeria team, M-KOPA has named Babajide Duroshola as the new General Manager. A part of the tech company’s broader expansion strategy, the move into the Nigerian market signals M-KOPA’s focus on offering millions of underbanked customers across Sub-Saharan Africa access to life-enhancing products […]

PesaPal given green light by CBK to provide payment services

The Central Bank of Kenya has granted authorization to Pesapal Limited as a Payment Service Provider (PSP) to carry out Payment Gateway Services in compliance with the National Payment System (NPS) Act, 2011, NPS Regulations 2014. Founded in 2009, Pesapal provides a simple, safe and secure way for individuals and businesses to make and accept […]

Debunking the myths of pay later payment plans

Technology and the dynamism of consumer behaviour continue to drive change and innovation in the payments world. In the early 1990s and 2000s, Kenya was heavily a cash economy with only the elite making use of debit and credit cards to make payments. However, the narrative has since been changing and there is an increased […]

EGM Securities launches online forex trading platform using MPesa

EGM Securities has introduced Kenya’s first online forex trading that enables trading using mobile payment channels like MPesa. The innovative financial offering bolsters Kenya’s positioning as a leader in financial innovation in Africa. EGM Securities’ trading offering will provide the market with exposure to global macro opportunities such as foreign exchange, oil, gold and other […]

How to become a KCB Mtaani Agent and Commission earned

KCB Mtaani is Kenya Commercial Bank’s company’s plan where it uses agents to deposit and withdraw cash instead of setting up branches or ATMs. The business model is very convenient as it does not require setting up a shop, you can just fuse it with your existing business. The Bank has a wide network of […]

How to get a loan from Progressive Credit

Progressive Credit is one of the fastest-growing microfinance institutions in Kenya. The firm enables customers to get quick and flexible loans for their business at competitive rates. Progressive Credit offers; Business Loans In Kenya Salary Advance Loans in Kenya Trade Finance Agribusiness Loans Youth & Women Loans Community Support Loans Logbook loans LPO financing /Bid […]

CBK resumes Bank Mobile Wallet Charges transactions above KES 100

The Central Bank of Kenya (CBK) has announced that it is resuming bank mobile wallet charges for transactions above Ksh.100. CBK indicated that it will include wallets that are closely linked to the Savings and Credit Societies (SACCO) sector noting that SACCO’s accounts for a significant share of their transactions. “A recurring concern has been […]