Kenya Mobile Money Transafer

Mobile Money transactions Dip by 14.5% as Government Plans to Trace Transactions

Mobile money, a cornerstone of Kenya’s financial landscape, has seen a sharp decline in transactions, dropping by 14.5%. This marks a significant shift in a sector that has long been heralded as a driver of financial inclusion and economic growth. The downturn, coupled with government plans to trace transactions, signals both challenges and opportunities for…

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Pawapay

PawaPay Hits $1 Billion in Transactions, Expands Beyond Africa’s Big Four Economies

PawaPay, a leader in mobile money payment systems in Africa, has surpassed $1 billion in transactions. This is a major milestone for a company dedicated to enhancing mobile financial services across Africa. While PawaPay has gained prominence by working with Africa’s “Big Four” economies—Nigeria, Kenya, South Africa, and Egypt—its future strategy appears to shift toward…

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Mbridge Cbdc

Project mBridge Reaches Milestone, Unveils Global CBDC Platform and Seeks International Collaboration

Article Highlights: Born from the vision of central banks in Thailand, Hong Kong, China, and the United Arab Emirates, mBridge operates under the Hong Kong BIS Innovation Hub. It’s not a solo act. The project boasts an impressive roster of participants: Africa’s getting in on the action too. The Bank of Namibia, South African Reserve…

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