Kenya

In Kenya, Govt’s Late Payments Hit Suppliers
In Kenya, Govt’s Late Payments Hit Suppliers
July 09, 2018  |  B2B Payments

Late payments dominate the news in Kenya, where corruption drains coffers and hurts suppliers.  In other countries, ePayables has gained attention and adoption along the...

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‘Robin Hood’ Money Transfer Tax Threatens Kenyan Financial Services
‘Robin Hood’ Money Transfer Tax Threatens Kenyan Financial Services
June 25, 2018  |  International

Kenyan bankers and fund managers have warned a proposed “Robin Hood” tax on many transactions will threaten the future of the country’s economy. According to...

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Kenya’s Top Cell Phone Provider Opposes Tax Hike On Cash Transfers
Kenya’s Top Cell Phone Provider Opposes Tax Hike On Cash Transfers
June 19, 2018  |  International

Kenya’s biggest mobile phone operator, Safaricom, is against a proposed tax rise on mobile phone-based cash transfers. In a budget speech last week, the country’s Finance...

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FinTech Partnerships With FI Marked By Global Scope
FinTech Partnerships With FI Marked By Global Scope
June 15, 2018  |  B2B Payments

Partnerships between traditional FIs and nimble FinTechs have become more global in scope, with an eye on speeding payments throughout the supply chain.  In the...

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Kenya Charges Civil Servants In $100M Theft Of Public Funds
Kenya Charges Civil Servants In $100M Theft Of Public Funds
May 29, 2018  |  Fraud Prevention

The authorities in the country of Kenya have charged 54 people — most of them civil servants — with stealing close to $100 million of public...

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Kenya Moves To Regulate Digital Lending
Kenya Moves To Regulate Digital Lending
May 25, 2018  |  International

After adopting a mobile money system that allows people to make payments and transfers through their cell phones, Kenya has become a leader in financial...

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Making Unexpected Connections
Making Unexpected Connections
May 08, 2018  |  Today In Data

Given that the average American checks his Facebook page some 14 times a day, the social media giant’s decision to expand into online dating is less...

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Mastercard And Unilever’s Micro-Lending Has Macro Results For Kenyan SMBs
Mastercard And Unilever’s Micro-Lending Has Macro Results For Kenyan SMBs
May 07, 2018  |  International

Building, sustaining and growing a small business isn’t easy in the best of circumstances. Even in a developed economy, margins are narrow, and tough decisions...

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Kenyans Can Now Connect M-PESA Accounts To PayPal
Kenyans Can Now Connect M-PESA Accounts To PayPal
April 09, 2018  |  Mobile Payments

PayPal and Safaricom announced a new collaboration that will enable people living in Kenya to move money between their M-PESA and PayPal accounts. In a press...

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