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Global mobile wallet users to total 2.1 billion in 2019

Nearly 2.1 billion consumers worldwide will use a mobile wallet to make a payment or send money in 2019, up nearly 30% from 1.6 billion...

Kenyan mobile money volume hit $16 billion

Mobile money continues to grow strongly as Kenyans transacted Ksh1.7 trillion ($16.4 billion) over their phones in the quarter through September 2017, a 54.5%...

Kenya: How agency and mobile banking took over country

Ever since M-Pesa and mobile banking was launched in Kenya 10 years ago, there has not been any other innovation that has come close...

M-Pesa continues dominant position in Kenyan mobile money market

Despite increased competition, M-Pesa is maintaining a large lead the Kenyan market, according to official statistics.Over KES1 trillion ($10 billion) of mobile money deposits...

Kenyan banks get backing to launch M-Pesa competitor network

The Central Bank of Kenya (CBK) has given six banks the go ahead to launch a mobile money transfer platform to compete directly with...

Visa mobile money service to compete with M-Pesa

Visa will introduced a mobile money service to enable cashless transactions in Kenya, where the majority of wireless payments are transacted through Safaricoms M-Pesa. The...

M-Pesa: The good and the bad news

The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from...

Vodafone M-Pesa reaches 25 million customers milestone

Vodafone M-Pesa has more than 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service. Across markets in...

Vodacom reviewing poor M-Pesa business

Mobile network Vodacom South Africa is considering various options for its sluggish mobile money transfer service M-Pesa. M-Pesa enables customers - particularly unbanked users...

M-Pesa revenues surge

Safaricom has reported a 24% jump in M-Pesa revenues to KES19.4 billion ($190 million) in H1 2015, as its active user base reached 15.7...

Latest News

UK’s Open Banking initiative goes live after managed roll out

The Open Banking initiative in the UK has finished a three-month managed roll out programme, leaving regulated companies free to start offering Open Banking...
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