How to Borrow with the MCo-op Cash Business Plus Loan
The MCo-op Cash Business Plus Loan is a loan of up to Ksh 1 million, payable in up to 6 months, available to Co-op customers who have an active Co-op Bank Business account for at least six months. The loan is suitable for individuals, registered partnerships, business enterprises, limited companies, and private schools. The MCo-op […]
Safaricom Launches M-PESA Ratiba
Safaricom has launched M-PESA Ratiba, a feature that enables M-PESA registered customers to schedule recurring payments (standing orders) from their M-PESA accounts to other M-PESA users or Lipa na M-PESA shortcodes. M-PESA Ratiba is available to all M-PESA registered customers through their personal accounts and applies when sending money to other users’ M-PESA accounts or […]
How to Borrow with the I&M Bank Buy Now Pay Later Loan
I&M Bank has launched a new AI-powered ‘Buy Now, Pay Later’ loan service, designed to provide customers with the option to finance their purchases at the point of sale, with flexible and convenient repayment options available at participating outlets. The Buy Now Pay Later loan, available on the I&M Bank OTG web or app, allows […]
How to Benefit from the KCB Bank and Airtel Money Merchants Payments Deal
KCB Bank and Airtel Money have partnered to allow Airtel Money customers to make payments directly to KCB merchants’ tills through the Lipa na KCB service. Speaking at the launch event, KCB Bank Kenya Managing Director, Mrs. Annastacia Kimtai, highlighted that this initiative is part of KCB Bank’s efforts to develop an efficient payments ecosystem […]
Loan Rates Charged by Kenyan Banks
The Central Bank of Kenya lowered its main interest rate to 12.75 percent in August, down from the 13 percent rate it had set earlier, in an effort to stabilize inflation and the exchange rate. Several banks responded by adjusting their loan rates, with some raising them and others lowering them. These loan rates affect […]
Absa Bank Introduces Absa Pay, a tap-to-pay Feature for Android Users
ABSA Bank has launched Absa Pay, an innovative tap to pay platform designed to enhance the online shopping experience by streamlining transactions with speed and security. This state-of-the-art solution aims to redefine how consumers interact with their favorite online retailers by eliminating the need for physical cards and exposing sensitive banking details. AbsaPay stands out […]
Absa Kenya, VISA Launch First Metallic Infinite Card in Kenya
Absa Bank Kenya has introduced the country’s first-ever metallic Infinite card in collaboration with Visa, designed for affluent clientele who value both luxury and convenience. The launch event took place at Nairobi National Park, setting the stage for a product aimed at redefining premium banking in Kenya. The occasion saw the participation of Absa Bank […]
Central Bank of Egypt Hosts First Egypt Fraud Combating Forum
The Central Bank of Egypt (CBE), in partnership with Visa, has hosted the inaugural edition of the “Egypt Fraud Combating Forum” in an effort to raise awareness among employees of Egyptian banks and financial institutions about the latest fraud trends affecting the financial sector. The event, which is the world’s first fraud-combating forum fully sponsored by […]
WHO IS ADANI GUJATAM?
The name Adani has dominated the headlines in recent months, particularly in relation to the takeover of Jomo Kenyatta International Airport (JKIA) by the Indian conglomerate, Adani Group. This development has sparked curiosity about the man behind the company, Gautam Adani, who not only controls one of the largest business empires in India but also […]
NCBA Will Support SACCOs in Cybersecurity Efforts – John Gachora
John Gachora has urged SACCOs to strengthen their cybersecurity efforts following recent cyberattacks on Kenyan financial institutions. Speaking at the NCBA Group’s Sacco Banking Cyber Security Conference held at the Serena Hotel in Nairobi, the NCBA managing director emphasized the importance of protecting SACCOs, given their critical role in the financial ecosystem. “Given the significant […]