Regulator Approves KCB’s US$15mn Acquisition of Riverbank
The Competition Authority of Kenya (CAK) has approved KCB Group’s acquisition of a 75% stake in Riverbank Solutions, a payments technology company.
Uganda's Mobile Money Restrictions Push Users Into Kenya
Ugandans living in the eastern border district of Busia are crossing into neighboring Kenya to access cash due to the government-imposed restrictions.Why the Global Payments Race Is Pushing Banks Toward PayTech Acquisitions
Banks are increasingly acquiring payment technology firms as competition intensifies for control of payments infrastructure, customer data, and low-cost liquidity.
Digital Credit is Anchoring Kenya's Small Businesses as Jobs Dry Up
Small businesses, supported by widening access to credit, are emerging as critical pillars of economic resilience across Kenya’s counties, cushioning households against unemploymentFlutterwave Acquires Open Banking Startup Mono
Building Payment Systems That Work For Africa
Kenya’s payment landscape is shaped by mobile money, unreliable connectivity, and the need for simple, trustworthy systems. As businesses expand across Africa, fragmented payment ecosystems create new challenges. Platforms like AvadaPay offer unified, mobile-first, multi-country solutions built for these realities- enabling businesses to operate smoothly, build customer trust, and scale across markets.
Mastercard Boosts Africa Acceptance Network by 45% in 2025, Accelerating the Continent’s Digital Economy
Mastercard has grown its acceptance network across Africa by 45 per cent in 2025 – a major milestone that brings millions more consumers and small businesses into the continent’s fast-expanding digital economy.
LemFi Secures 14 State Money Transmitter License, Strengthening its US Presence and Commitment to Trust
US expansion continues LemFi’s mission to build a full suite of financial services for immigrants, tailored to their specific needsAirtel Money Breaks 10% Market Share as M-Pesa Slips Below 90% for the First Time
Airtel Money reached 10.3% in the September 2025 quarter, entering double-digit market share for the first time. M-Pesa fell to 89.7%, its first drop below 90% in the available records. The shift comes as Kenya’s mobile-money ecosystem expands sharply, with 47.7 million active wallets and 91% penetration by June 2025. Long-term data shows rising transaction volumes and wider agent networks supporting this change.
M-PESA Ethiopia Raises Alarm Over Access Block on Ethio Telecom Network
M-PESA Ethiopia reported that its new telco-agnostic Lehulm app became inaccessible on smartphones using Ethio Telecom mobile data days after launch. The company says customers cannot log in or complete transactions and is engaging regulators to restore access. The issue mirrors World Bank findings that Ethiopia’s telecom market still contains structural imbalances that favour the state-owned operator.Mobile Money Momentum Cools as Transaction Values Dip in September
Kenya’s mobile money ecosystem showed signs of cooling in September, even as agency networks continued to expand, new data shows.Paystack Fires Co-Founder Ezra Olubi Amid Sexual Misconduct Claim
Paystack, has dismissed its co-founder and chief technology officer (CTO), Ezra Olubi, amid public allegations of workplace and sexual misconduct
