Banking industry’s instant payment service PesaLink has announced the appointment of Gituku Kirika as Chief Executive Officer. Gituku takes over from Agnes Gathaiya. Over 6 million Kenyans have moved in excess of Ksh 200 billion across the 25 plus participating banks since PesaLink was launched by IPSL and KBA in 2017. Gituku has extensive banking and […]
Logistics platform Sendy has announced that it will be providing health insurance for its drivers through Afyapoa health financing scheme. This makes it the first digital marketplace provider to extend health benefits cover to its driver-partners and their families. In a statement, the firm’s Chief Operations Officer Ambrose Nyangao says the partnership with Insurance For […]
Kenyan AI-powered insights startup Gro Intelligence announced the raise of $85 million in Series B funding to expand its adoption. The funding was co-led by Intel Capital, Africa Internet Ventures (a strategic partnership between TPG Growth and EchoVC), and the family offices of Ronald Lauder and Eric Zinterhofer. They were joined by previous investors DCVC […]
The Central Bank of Kenya (CBK) has announced that it will end the free MPESA transaction below KES 1000 under the Covid-related price cuts on 31st December 2020. CBK says that a significant increase of mobile money usage has been noted over the period the measures have been in place, demonstrating that they were timely […]
Co-operative Bank of Kenya (Co-op Bank) has partnered with Thunes, a cross-border payment provider, to launch an alternative global money transfer solution dubbed Co-opRemit. Co-opRemit streamlines the process of real-time money transfers particularly within Africa, allowing Co-op Bank customers in Kenya to move funds across the world quickly at an affordable rate. Customers may send […]
Paypal has announced that from December 16 this year, customers will be charged £12 (Kes. 1783) a year if they do not use their PayPal accounts. The payment service provider added that the new rule will affect accounts that have not sent or received money for 12 months, or been logged into. PayPal will not […]
Loop digital banking service allows users to make payments to mobile money or to a bank account, the App also allows its users to track and analyze their spending patterns. You can easily deposit funds to your Loop account via Safaricom’s MPesa at the comfort of your home, below is a step by step guide […]
Xoom, PayPal’s money transfer service has announced that the company’s customers in the US, UK, Canada and Europe can now send secure and convenient money transfers directly to mobile wallets in key markets across Africa including Kenya. The new service expands the company’s offering to send money to mobile wallets in Burundi, Cameroon, Ghana, Kenya, Madagascar, Malawi, Mozambique, Rwanda, […]
TECNO is set to reward buyers of its Spark5 Pro or Camon 16s customers with Kshs 2.5 million in prizes in Tecno’s Christmas promo. Among the prizes to be given out to buyers are 3,000 bus tickets and 1,000 shopping vouchers for anyone buying Spark5 Pro or CAMON 16s. There will also be 500 Special […]
Google has announced that it is testing a mobile Application dubbed Task Mate in Kenya which will allow users to earn money for doing simple tasks. The new app lets users earn cash in exchange for completing tasks. Google asks users to complete some tasks which are related to Google Maps and Translate app. Some […]