Financial & Tech

Equity Bank, PayPal partnership to improve cash transfer service

By Brian Yatich Equity Bank customers using PayPal are  now able to withdraw funds from their PayPal account within three business days with the new improved platform. With the new service, Equity Bank can now process its customers’ withdrawal transactions within 3 business days, down from the previous 8 business days. PayPal, the global online payment platform allows […]
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Safaricom invests $1m in research startup

Safaricom invests $1m in research startup

Ajua – previously mSurvey, has partnered with Safaricom’s Spark Venture Fund, in a USD 1 million fund with an objective of accelerating high-potential Kenya-based mobile technology startups. The investment in Ajua marks the second and largest Spark Venture Fund investment, underscoring the fund’s commitment to supporting startups that use mobile technology as an enabler and […]
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ECB rebrands to Spire Bank

By Brian Yatich Equatorial Commercial Bank (ECB) has on Tuesday officially re-branded to spire bank as it seeks to fast-track its position for future growth. Among its growth strategies the lender says that they are seeking to enhance access to financial inclusion among teachers and Small and Medium Enterprises (SME’s) across the country.  Speaking during […]
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Equitel targets EAC bloc

Regional financial services provider Equity Group is set to introduce its mobile platform Equitel to all markets where the group operates. Speaking to Paris-based special report publisher Marcopolis, the groups Chief Executive, James Mwangi said that the Bank, through Finserve Africa; their mobile virtual network operator (MVNO), is partnering with telecoms in Uganda, Tanzania, Rwanda, […]
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Pesabazaar.com takes on insurance companies in Kenya

PesaBazaar.com has launched a Sh 40 million insurance price comparison web portal to the Kenyan market, the service allows consumers to compare premiums and features of similar insurance products and services at a glance. The portal will enable customers to freely and conveniently compare and purchase a wide range of insurance products at the click of a button. […]
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NBK scoops an award for business process automation

National Bank of Kenya (NBK) has won an award from the global Workflow Management Coalition (WfCW), an international organization that tracks global business process automation. NBK received the coveted Global award for excellence in BPM & Workflow which recognizes excellence in automation of workflow and business process management in organizations around the world. Boston based […]
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Visa expands footprint in Francophone Africa

Visa a global payment company has announced its intention to open an office in Côte d’Ivoire to reinforce its position as a leading payments technology company. The expansion plans will help deliver financial services to the unbanked population of two billion people living without access to financial services, this will help facilitate engagement with key […]
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