Tag: mpesa

Safaricom goes digital with the launch of M-pesa smart card

Safaricom goes digital with the launch of M-pesa smart card

Technology
Kenya’s largest mobile service provider, Safaricom, has launched the much anticipated M-Pesa payment cards which was unveiled during the announcement of the Safaricom FY Results, 2017. The Safaricom smart card looks more like the Debit and Visa Cards but the functionalities are not the same . The card allows  for payment of services and goods instantly. Dubbed M-Pesa 1 Tap, this payment solution package includes a Wrist band and NFC badge. First launched successfully as a Pilot in Nakuru, M-Pesa 1 Tap will be rolling out country-wide with about 500,000 point of sale (POS) payment points in bars and restaurants, retail shops, fuel stations, among others. This is going to change everything. The M-PESA Card is linked to a user's M-PESA account. Therefore, before using the M-PESA Card
Why Kenyans Rely On Mobile money Services

Why Kenyans Rely On Mobile money Services

Mobile
PAYING for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA. Launched in 2007 by Safaricom, the country’s largest mobile-network operator, it is now used by over 17m Kenyans, equivalent to more than two-thirds of the adult population; around 25% of the country’s gross national product flows through it. M-PESA lets people transfer cash using their phones, and is by far the most successful scheme of its type on earth. Why does Kenya lead the world in mobile money? Before we look into the intricacies of this question, it is apparent that the Kenyan economy is deeply integrated with Mpesa services and in extension, our lives in general. In order to assess the depth of this dependence, there is need t
Digital technology aiming to empower small-farm owners in east Africa

Digital technology aiming to empower small-farm owners in east Africa

Mobile, Technology
Mastercard has launched a new digital marketplace for east Africa farmers to sell their crops and receive payment via their mobile telephones named 2Kuze. The new technology works with existing mobile money systems like M-Pesa to facilitate transactions between farmers, agents and banks. The World Bank’s Consultative Group to Assist the Poor (CGAP) estimates there are roughly 500 million farming households across the world that fall under the category of “smallholder” made up of no more than a few hectares of land, and run primarily by family members. According to how we made it in Africa,The new innovation capitalises on the widespread use of mobile phones across Africa to conduct peer-to-peer monetary transactions, Mastercard says, and the programme is intended to increase farmer
Technology is key to Africa’s future

Technology is key to Africa’s future

Technology
Africa is a continent full of  innovation and creativity. Technology itself in the continent  is helping to break down the barriers for development. In relation to this, Africa’s embrace of technology turns two common assumptions inside out – that tech breakthroughs happen in rich countries, and that Africa needs basic services before it can use high-tech solutions. According to Africa Progress platform, what Africa’s start-ups are doing is using technology to build basic services – and a whole lot more. Technology is improving people’s lives – especially mobile services and applications. With minimal fixed line phone infrastructure, the continent has embraced the opportunity to leapfrog existing technologies, becoming a world leader in the delivery of such services. The mobil

Bill Gates applauds M-pesa and other African tech start-ups

Business, Startups
Bill Gates, Microsoft co-founder and philanthropist has lauded African tech start-ups for the  creation of thousands of businesses that change the daily lives of people across the continent positively. Gates was speaking at the 14th Nelson Mandela Annual Lecture Series at the University of Pretoria's Mamelodi campus on Sunday. The theme of this year was "Living Together", with a special focus on those who gave their lives during the struggle for liberation. The multi-billionaire said for him, the most important thing about young people is the way their minds work. "Young people are better than old people at driving innovation, because they are not locked in by the limits of the past." The African entrepreneurs driving start-up booms in the Silicon Savannahs from Johannesburg and C