Safaricom secures insurance licence after a four-year wait
Safaricom secures insurance license from the Insurance Regulatory Authority. Launch of new insurance product Bima for M-Pesa users.
Latin American fintech PayRetailers expands into 8 additional African markets
PayRetailers expands into eight African countries: Nigeria, Kenya, Ghana, Burkina Faso, Cameroon, Senegal, South Africa, and Ivory Coast. The company previously launched in Rwanda, Zambia, Uganda, and Tanzania.
Latin American Payment Processor Enters the African Market
PayRetailers expands into Africa, covering 12 countries. Launch of payment solutions in Rwanda, Zambia, Uganda, Tanzania, Burkina Faso, Cameroon, Kenya, Ivory Coast, Ghana, Senegal, South Africa, and Nigeria.
Next Wave: What’s the future of Kenyan fintechs?
M-Pesa processed 20 billion transactions in 2023, representing 60% of Kenya's GDP. Kenyan fintechs secured only 8% of total investments in the fintech sector from 2019 to 2023.
Fintech: The digital key to spotting new markets
M-Pesa's transactions accounted for 87% of Kenya's GDP, lifting 2% of households above the poverty line. Fintech platforms like M-Pesa enable people to pay bills, transfer money, and purchase goods using their mobile phones, driving financial inclusion and economic growth.
