CBK: Only one in 10 bank transactions is being done at a branch

By Kepha Muiruri,

Only one out of 10 bank transactions are being conducted at a physical branch pointing to the increased digitization of the banking process. Accord...

Central Bank of Kenya , COVID-19 , Kenya Bankers Association (KBA)

CBK extends free mobile money transactions below Ksh.1000 for the rest of 2020

By Kepha Muiruri,

Kenyans will continue enjoying free mobile money transactions below Ksh.1000 for the rest of the year. This follows the Central Bank of Kenya (CBK)...

Central Bank of Kenya (CBK) , coronavirus , mobile money

Kenyan banks forecast drop in new loans as Covid-19 pandemic impacts sector

By Kepha Muiruri,

Local banks expect new loan accounts to shrink significantly in 2020 as the industry prices in the impact of the Covid-19 pandemic. According to a ...

coronavirus , COVID-19 , KBA

What are the payment methods for Kenyan bettors?

By Citizen,

In recent times, the online betting scene in Kenya has witnessed a huge improvement. Since the number of betting firms continues to grow, existing boo...

PesaLink waives all transaction charges for the next 90 days

By Sponsored,

Integrated Payments Service Limited (IPSL) has announced that all PesaLink transactions will be free with immediate effect until June 30, 2020. Thi...

PesaLink

Equity Group posts Ksh.22.6 billion full year profit

By Kepha Muiruri,

Equity Group has posted a 14 per cent growth in profit after tax for the year ending December 2019 to Ksh.22.6 billion. The notable double digit gr...

Equity Group , James Mwangi

BWIRE: Digital solutions to tame covid-19

By Victor Bwire,

By Victor Bwire With the 3rd case of a positive case of coronavirus in Kenya announced by the President, and a raft of measures put in place to dea...

cornavirus , COVID-19

Absa Bank: Mobile banking app Timiza used by almost 5M customers

By Reuters,

Kenya’s Absa Bank has moved most of its customers onto its mobile banking platform, which it sees as a major driver for future growth, chief executi...

Absa

Absa eyes SMEs in strategy overhaul

By Kepha Muiruri,

Absa Bank Kenya, formerly Barclays, is set to cast its net wider to the expansive MSME sector as the lender overhauls its strategy following the round...

Absa Bank , barclays , SME

Avoid bank hassles, here’s how to pay your school fees easily

By Sponsored,

I went through primary, secondary and tertiary schooling during a ridiculously difficult period; in terms of how finances were handled. For starter...

back to school , Co-operative Bank , School fees

Barclays rolls out vertical cards in run up to Absa switch

By Kepha Muiruri,

Barclays Bank has unveiled vertical debit and credit cards to its customers as part of its innovative switch ahead of its transition into Absa later i...

Absa , Barclays Bank Kenya (BBK) , Jeremy Awori

Zenka Finance wins Digital Tech Excellence award

By Citizen Reporter,

Zenka Finance, a mobile fin-tech company operating in Kenya, was awarded during this year's Digital Tech Excellence Awards Gala held in Nairobi. Th...

Bank refusals push SMEs to expensive mobile loans

By Kepha Muiruri,

Small and medium enterprises (SMEs) are relying on mobile loans for funding more than ever before as banks shun credit issuance to the micro-business....

credit crunch , mobile loans , smes

70% of mobile loan defaulters borrow again and fail to pay up, study reveals

By Kepha Muiruri,

70 percent of mobile loan defaulters will borrow again and still default on the new credit facility to mirror the deterioration of the quality of borr...

digital loans , fuliza , Loan defaulters , mobile loan , tala

DCI warns Kenyans against falling for online scams

By Duncan Mutwiri,

Kenyans have been urged to avoid making online transactions with questionable individuals or organizations. This follows an increase in reported ca...

DCI , Online fraud

26-year-old man arrested for stealing over Ksh.400K from Equity Bank accounts

By Benjamin Muriuki,

Police have arrested a man accused of stealing over Ksh.400,000 from various Equity bank accounts. According to the Directorate of Criminal Investi...

DCI , equity bank

Three arrested for stealing Ksh.970K from woman’s Equity Bank account

By Citizen Reporter,

Police on Tuesday arrested three suspects accused of siphoning over Ksh.970,000 from a 67-year-old woman's bank account. The three; Anthony Babu Ka...

Faulu Microfinance to open eight new branches

By Kepha Muiruri,

Faulu Microfinance is set to open eight new branches around the country at an estimated cost of Ksh.113 million. Additionally the tier-one ranked m...

Faulu Microfinance Bank Limited

Naivas, Safaricom issue deadlines for old Ksh.1000 notes

By Duncan Mutwiri,

Safaricom shops will no longer accept the old Ksh. 1000 notes starting Friday. A statement from the mobile telco said the last day to collect the o...

demonetization , mpesa , naivas , Safaricom

Housing Finance is 2nd African company to set up WhatsApp banking

By Faizal Ahmed,

Housing Finance has launched a WhatsApp banking solution that offers customised mobile services to its customers. It becomes the second company in ...

Housing Finance , Mobile Banking , whatsapp