Financial & Tech - Afritech Media

How to Send Money via MPesa without transaction fees

18/11/2022
By Admin
App, Financial & Tech, How To, Tech Startups

Asilimia – Send Money For Free Via MPESA Without Transaction Fees

You can now send money for free using Asilimia App, the service allows users to send money to multiple recipients at once for free. Asilimia is an easy-to-use and tailored digital payment platform. The mobile application allows users to send money through M-PESA quickly and entirely for free. The app allows users to make free […]

07/11/2022
By Admin
Business, Financial & Tech, Opinion & Analysis

How diaspora remittances have shaped Kenya’s economy

By Ivan Kanyali In 2021, remittance inflows to Kenya reached an all-time record of USD 3.71 billion, an increase of more than ten times since 2005. Central Bank of Kenya (CBK) data further shows that in the first nine months of 2022, remittance inflows equaled USD 2.9 billion, a slight improvement from USD 2.7 […]

01/11/2022
By Admin
Business, Corporate, Financial & Tech, News

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, […]

Zoho One Records 96% Growth In Kenyan Market

Zoho Corporation on Thursday announced that Zoho One growth has been substantial at 96.3% in the last 2 years in the Kenyan Market. The global tech company also indicated that they now support 50,000 organizations across more than 160 countries. Over the past two years alone, the platform has grown 150%, with 37.5% of new […]

26/10/2022
By Admin
Financial & Tech, News

Fintech Emerging As Africa’s Most Vibrant Sector

Fintech startups in Africa grew 81% in 2021, with South Africa, Nigeria, and Kenya emerging as key hubs on the continent, found a Mastercard study on the state of fintech in African markets. The white paper titled ‘The Future of Fintech: Rapid Growth Attracts Smart Capital’, was released at Mobile World Congress (MWC) Africa, one of the continent’s […]

Here are some of the main reasons why remittances offer a crucial lifeline for families amid record inflation.

24/10/2022
By Admin
Financial & Tech, News

Remittances offer crucial lifeline for families amid record inflation

Kenya’s inflation hit a 63-month high of 9.2% in September, according to monthly inflation data provided by the Kenya National Bureau of Statistics. The rising cost of food, fuel, and other basic commodities is putting pressure on household budgets, forcing many families to cut back on non-essential spending and dip into their savings to get […]

Mastercard Launches Crypto Source To Enable Banks To Trade

Mastercard on Wednesday announced the launch of Crypto Source, a new program to enable banks to do crypto trading for their customers. The 2022 Mastercard New Payments Index reported that 29% of respondents globally hold cryptocurrency as an investment, with another 65% indicating a preference for crypto-related services to be provided by their current trusted financial […]

04/10/2022
By Admin
Financial & Tech, How To

How To Make Payments Using Google Pay via Flutterwave

You can now receive money and make payments with Google pay using the new additional payment option for merchants on Flutterwave for business. Google Pay is a safe, simple, and helpful way to make contactless payments in-store, and also payments in apps and on the web. Users store their cards for Google Pay in Google […]

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 […]

29/09/2022
By Admin
Financial & Tech, News

Government To Capitalize On Technology To Distribute Hustler Fund

President William Ruto Thursday announced that it will use Technology to distribute the Sh50 billion hustler funds. The collateral-free cheap credit to start businesses was part of President Ruto’s campaign pledge as it seeks to boost micro, small and medium, enterprises (MSMEs). “We will capitalise on existing technology and innovation in the public and private […]