In a bold move that could reshape Kenya’s financial landscape, M-PESA Africa, the reigning champion of mobile money, has stepped into the world of physical transactions with the introduction of its new plastic cards. This development marks a significant departure from the virtual realm, offering Kenyan consumers a tangible means of conducting their daily transactions…
In a significant move set to transform the landscape of mobile financial services, the Central Bank of Kenya has granted Safaricom’s request to elevate the M-PESA account limit to KSh. 500,000. This transformative adjustment is poised to take effect on August 15, 2023, and will be applicable to all M-PESA customers across Kenya. Alongside the…
TerraPay, a prominent global payments infrastructure company, has announced a strategic partnership with Safaricom, Kenya’s leading telecommunications, IT, and financial services provider. The collaboration aims to drive financial inclusion by facilitating seamless cross-border payments. Through TerraPay’s subsidiary, Mobex (Kenya), a licensed Money Remittance Provider, over 30 million M-PESA mobile wallet users in Kenya will be…
