Kenyans are spending more on education, electricity, and groceries according to a new survey by Kenya’s leading digital lender, Tala. The detailed survey shows how Kenyan households have been utilizing …
There are over 700 mobile loan apps in Kenya, and over 40 percent of them are not regulated. Even with regulation, the impunity that reigns among them during loan collection …
The consumer lending market in Kenya reflected a mix of resilience and optimism in the first quarter of this year, according to TransUnion Kenya’s Q1 2024 Kenya Market Analytics Report. This …
LemFi is a leading financial technology platform revolutionizing how people move their money globally. LemFi serves over 1 million customers in the United States, the United Kingdom, and Canada through …
Communication around the world has been a tale of change, a change that has never stopped unfolding. Since the days of using messengers, drums, and smoke signals, then came landlines, …
After months of speculations and accusations against Watu Credit, an Asset FinTech revolutionizing mass-market mobility across Africa through financial inclusion and accessibility, the Senate has cleared the company of any …
In a groundbreaking move, Sanduk, a leading player in Kenya’s emerging digital payment sector, has harnessed the power of the Fuse Network to provide an innovative solution that bridges the …
In recent years, digital lending has transformed the financial landscape in Kenya, offering convenient and accessible loan solutions to individuals and businesses. Among the leading players in this space is …
Let us face it. Things are not right. The economy is not doing well and virtually everyone is struggling to make ends meet. Cash has become scarce and inflation is …
Introducing FairKash+, your ultimate financial ally and a premier online lending platform dedicated to providing swift loans for individuals requiring immediate financial support. We understand that when unexpected expenses arise, …
Small businesses often face numerous challenges when securing financing for growth and operational needs. Traditional lending practices often demand extensive collateral and rigid criteria, making it difficult for small businesses …
LemFi, a cross-border payment solution that enables the diaspora community to send and receive money back home today formally launched its services in Kenya. The company promises to revolutionize the …
Faulu Microfinance bank has today announced a series of new measures aimed at financing farmers to acquire farm inputs for both livestock and crop farming as part of its product …
The government, through the Ministry of Co-operatives, Micro and Small Enterprises, announced that the government had automatically doubled the Hustler Fund loan limit after months of complaints from Kenyans on …
Taking a loan always seems like the most convenient thing to get out of a financial situation. But many have become slaves of their actions. Remember, whoever gives, calls the …
We need money for virtually everything. We need money for food, clothing, medication, vacation, and investment, to give our loved ones a befitting send-off among other needs. There is nothing …
Among the top 10 most downloaded apps in Kenya, mobile loans were among the most downloaded. According to SimilarWeb, 7 out of the 10 downloaded apps in Kenya last month …
If you are not planning to succeed, then you are planning to fail. The young ones say, “You only live once” (YOLO) but when it comes to taking loans from …
Virtual Pay International Limited is pleased to announce that it has been granted authorization as a Payment Service Provider (PSP) to carry out Payment Gateway Services in compliance with the National …
Mobile money adoption and use saw continued growth in 2021, processing a record $1 trillion annually according to the report ‘State of the Industry Report on Mobile Money’ by GSMA. The …
All digital lenders operating in Kenya have six months to get new licenses or they will be shut down according to a statement from the Central Bank of Kenya (CBK). …
Life is all about choices. One chooses to be in debt and one can choose not to be in debt. Before committing to a debt, ask yourself these questions; do …
Micro-credit start-ups like Branch, Tala, and other lending platforms scrambled for Kenya’s with mobile lending applications dishing out high-interest loans. Supposedly required to be empowering and uplifting Kenyans as stipulated …
Copyright © 2023 – All Rights Reserved | Business Watch
