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Expert Eye: Opening Up the World of Banking | Industry Insights

Expert Eye: Opening Up the World of Banking | Industry Insights
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South Africa , Kenya National Payments System Vision , Intergovernmental Fintech Working Group , Central Bank , First National Bank Standard , Paris Valakelis , National Bank , Standard Bank , Business Insider , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வை , இடை அரசு ஃபிண்டெக் வேலை குழு , மைய வங்கி , தேசிய வங்கி , தரநிலை வங்கி , வணிக உள் ,

Key enablers to E-commerce in Kenya

Key enablers to E-commerce in Kenya
2021.04.29
E-commerce sales globally amounted to $4.28 trillion in 2020. This was mainly attributed to lockdowns, social distancing, and the push to work from home, which meant no in-store purchases. Locally, e-commerce has proliferated over the last couple of years, with multiple players entering the industry, thereby significantly disrupting the retail sector. Today, Huawei held the 6
th edition of the Unitech Talk themed “The role of e-commerce in trading” The talk brought together experts from the private sector as well as the government where they highlighted the impact and opportunities e-commerce presents.
Kenya has made significant strides with regards to digitization and creating an enabling environment for businesses and trade to flourish, more so within the digital space. Additionally, the country has one of the most vibrant e-commerce ecosystems within the continent, hence showcasing significant growth po ....

Lawrence Karanja , Lilian Njuguna , Lee Maina , National Optic Fibre Backbone Infrastructure , Kenya National Payments System Vision , Central Bank , Ministry Of Industrialization , Unitech Talk , National Optic Fibre Backbone , National Payments System Vision , Mobile Money , லாரன்ஸ் கரஞ்சா , தேசிய பார்வை ஃபைபர் முதுகெலும்பு உள்கட்டமைப்பு , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வை , மைய வங்கி , ஊணீட்டேச் பேச்சு , தேசிய பார்வை ஃபைபர் முதுகெலும்பு , கைபேசி பணம் ,

Africa quick to take to digital currencies

Africa quick to take to digital currencies
Kenya, SA and Nigeria are among the top 10 crypto-adopting nations in the world
21 April 2021 - 18:10 Catherine Tinavapi
Picture: 123RF/DIMARIK16
Economies in sub-Saharan Africa are developing digital financial services. In the larger markets, regulators have taken policy and regulatory measures to support financial institutions’ digital transformation.
While emphasising the importance of robust cybersecurity and consumer protection measures, the global pandemic has generated a strong appreciation for the digital economy. With it comes the expectation that the digital economy will bring growth. Of the emerging and new technological developments, there are a few we believe are most likely to bring growth to regional capital markets. ....

New Zealand , Exchange Commission , Kenya National Payments System Vision , Financial Sector Conduct Authority , Central Bank , Sa Reserve Bank , Technology Foundation , Saharan Africa , Global Cryptocurrency Adoption Index , Nigerian Securities , Open Technology Foundation , Open Banking Nigeria , Banking Nigeria , புதியது ஜீலாந்து , பரிமாற்றம் தரகு , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வை , நிதி துறை நடத்தை அதிகாரம் , மைய வங்கி , ச இருப்பு வங்கி , தொழில்நுட்பம் அடித்தளம் , நைஜீரியன் பத்திரங்கள் , திறந்த தொழில்நுட்பம் அடித்தளம் , திறந்த வங்கி நைஜீரியா , வங்கி நைஜீரியா ,

Value of card payments down Sh6.4 billion

Value of card payments down Sh6.4 billion
Monday February 08 2021
By ELIZABETH KIVUVA
Summary
The value of payments made through cards last year dropped for the first time in six years amidst the lockdown measures and continued preference for mobile money services.
Central Bank of Kenya (CBK) data shows the value of payments through point of sale (POS) machines dropped by 3.8 percent in 2020 to Sh157.72 billion from Sh164.09 billion in 2019.
This drop was a reverse from the 33.3 percent and 22.12 percent growth recorded in 2019 and 2018 respectively.
The value of payments made through cards last year dropped for the first time in six years amidst the lockdown measures and continued preference for mobile money services. ....

Kenya National Payments System Vision , Central Bank , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வை , மைய வங்கி ,

Banks Lose Ksh1.2B as Kenyans Embrace New Platform

Banks Lose Ksh1.2B as Kenyans Embrace New Platform
20 January 2021 - 4:28 pm
Central Bank of Kenya Governor Patrick Njoroge during a press conference in Nairobi on May 28, 2020.
Twitter
The Kenyan banking industry lost over Ksh1.2 billion of potential card payment revenue in 9 months (March-November 2020) to mobile money platforms, according to a press release from the Central Bank of Kenya (CBK).
The report draft titled
Mobile money transactions volumes and values have shown the largest growth since the inception of this payment instrument,
Initially emerging as a means of sending money between individuals, merchant payments were later enabled in 2013. Since then, the total volume and value of payments have increased rapidly, reads an excerpt from the report. ....

Nairobi Area , Simon Kiragu , Kenya National Payments System Vision , Central Bank , International Settlements , Kenya National Payments System , National Payments System , நைரோபி பரப்பளவு , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு பார்வை , மைய வங்கி , சர்வதேச குடியேற்றங்கள் , கேந்ய தேசிய கொடுப்பனவுகள் அமைப்பு , தேசிய கொடுப்பனவுகள் அமைப்பு ,