Mobile

Kenya Remains Top Mobile Banking User across Africa

Kenya Remains Top Mobile Banking User across Africa

Business, Mobile, Technology
Sixty-eight percent of Kenyan adults use a mobile phone to transact money, making them the biggest users of mobile banking in sub-Saharan Africa according to a World Bank report #Kenya is the highest user of mobile phones for money transactions in the Sub Saharan #Africa region. pic.twitter.com/bNM8kyE9gB— World Bank Africa (@WorldBankAfrica) January 8, 2019 Kenya is followed by Sudan with 52%, Gabon at 50%, and the DRC with 37% of adults using mobile phones to send money.Mobile money services and mobile banking have grown significantly in sub-Saharan Africa with the World Bank saying mobile banking has expanded to 16% of the market. M-Pesa's success in Kenya has played a huge role in growing financial access in the country. Forbes reported that Kenya has more than 23-mil
Amazon is angling to destroy the last bastion of brick-and-mortar shopping

Amazon is angling to destroy the last bastion of brick-and-mortar shopping

Business, Mobile, Technology, Women
Amazon recently unveiled a debut collection of makeup products under its private label “find,” which also sells apparel basics. Available only from Amazon’s UK site for now, the products—for the eyes, brows, face, lips, and nails—are sold in “bundles” rather than individually. All are Prime eligible and priced under $20, comparable to drugstore offerings. Historically, an announcement from Amazon that it’s expanding into a new market has caused fear and anxiety: In 2017, grocery chains lost nearly $12 billion in market capitalization in a single day after Amazon said it would lower prices at Whole Foods. Last year, Amazon shared its vision for an independent healthcare service, causing the market value of the 10 largest listed health-insurance and pharmacy
You should never recycle passwords

You should never recycle passwords

Cyber Security, Mobile, social media
Using one password for everything is convenient, but it’s also dangerously insecure. We examine the case of Mark, a young designer. Mark is a regular guy. He has e-mail, Facebook, Instagram, Amazon, eBay, Steam, and Battle.net accounts, not to mention ones for another dozen online stores and a forum dedicated to his favorite video game. The accounts are all linked to his e-mail. One day, the customer database of one of the online stores Mark has an account at suffers a leak (apparently it was kept unencrypted on an open-access server). No credit card information is stolen, but e-mail addresses, names, and passwords are. At first glance, there seems no particular reason to worry. Such leaks happen, and this is just a small online store — can you blame a humble shopkeeper
Fintech Disruptive Moves Threaten Kenyan banks-McKinsey

Fintech Disruptive Moves Threaten Kenyan banks-McKinsey

Business, Mobile, Technology
McKinsey & Company has warned that Kenyan banks risk being crowded out of the daily payments and commerce space in financial intermediation by agile and innovative financial technology (fintech) companies and must act urgently to protect their turf, global consultancy. “In devising their strategies, banks could focus on owning the next generation payments landscape (for example contactless, QR, e-commerce etc) and building an ecosystem of value added services to recapture share in everyday commerce and transactions,” said Tawanda Sibanda, a partner at McKinsey. “Banks could also move first to serve the long-tail of underserved small and medium-sized enterprises (SMEs) in the market through entirely digital offerings.” The firm says, in its eighth annual review of the global bankin
MPesa and Western Union partner to facilitate easier overseas cash remittance

MPesa and Western Union partner to facilitate easier overseas cash remittance

Business, Mobile
In a new deal signed this Tuesday, Safaricom and Western Union have partnered to make cash transfers overseas easier for MPesa users at a cost between a minimum of Sh100 for a transaction of up to Sh5,000 and Sh500 for remitting offshore more than Sh35,000, Safaricom said. The partnership will see the more than 21 million of the globally-acclaimed mobile money service subscribers send a maximum of KES70,000 daily to family, friends and business partners abroad through the 500,000 plus Western Union’s agents in close to 200 countries. Western Union’s regional vice president for Southern, East and Anglophone West Africa Richard Malcom said, “This is real a game-changer, a first one in the world for us,” Mr Malcom said. “Kenyans who have children studying abroad can now send them money