Kenya Quick Response Code Standard News Today

Somalia will be joining peers like Kenya and South Africa on the continent to have launched a standardised code.

In May 2023, African startups raised $621.8 million from 34 fully disclosed* raises. Compared to May 2022 where African startups raised $437.1 million, this shows a 42% YoY increase. It's also a 379% increase from April 2023's $129.8 million.

A US court has ordered the CEO of a South African firm to pay a $3.4 billion penalty in the biggest crypto fraud case involving Bitcoin.

The Central Bank of Kenya has launched a national QR payments standard aimed at ensuring interoperability across mobile payments services

South Africa has redesigned the Rand. The new look, revealed yesterday, has new tech-enabled features like colour-changing ink to reduce counterfeiting. Introduced into circulation today, they also have inclusive features for visually-impaired users.

The CBK has launched the Kenya Quick Response Code Standard 2023, which will consolidate online payments through the use of QR codes.

Banks, telcos and other payment service providers regulated by the Central Bank of Kenya (CBK) are set to issue Quick Response (QR) codes.