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Kenya: Banks, Mobile Money Agents Are Counting Losses
In response to the economic disruption from COVID-19 pandemic, the Central Bank of Kenya announced a set of directives promoting digital transactions to curb the spread of COVID-19. These directives have significantly impacted the banks and mobile money agencies.
List of Digital Lenders Denied CRB Access by Central Bank of Kenya
The question that people have right now is: Which lenders were denied access to the CRBs by the Central Bank?
Fintech Credit Provider 4G Capital Adjusts Business Operations to Cope with Coronavirus Outbreak
Fintech credit provider 4G Capital, a firm that supports individuals and companies across Africa, has introduced operational and services updates for its business operations across Kenya and Uganda.
Kenya Turns to Safaricom's M-Pesa Mobile-Money to Stem the Spread of COVID-19
Safaricom announced that all person-to-person (P2P) transactions under KSH 1,000 (≈ $10) would be free starting Tuesday for the next 90 days.