Digital Credit is Powering 8 Million Kenyans, But Tax Hurdles Threaten Its Growth
Digital lending has fast become a lifeline, with eight million Kenyans accessing KShs 15 billion in loans monthly from digital credit providers (DCPs) in 2024- amounting to an estimated KShs [...]
Mobile Money Transactions Plunge 29% in May as Small Payments Weaken
The mobile money sector showed signs of strain in May, with the number of transactions dropping nearly 30% even as the overall value of transfers edged higher, highlighting a shift [...]
Court Dismisses Digital Lender’s Suit Over KSh 2.98mn Data Protection Fine
Premier Bank Rolls Out Smart Payments Platform to Strengthen Regional Reach
How Kenya's Complex Tax Regime is Sidelining Digital Credit
Despite Kenya’s National Tax Policy being anchored in constitutional values of equity and fairness, digital lenders are facing disproportionately harsh tax treatment compared to traditional financial institutions. Equity and fairness [...]MTN Uganda Shareholders Approve Plan to Spin Off Mobile Money Unit
MTN Uganda shareholders voted to spin off the company’s mobile money business into a standalone fintech, which will reshape Uganda’s digital payments landscape and unlock billions in value for Africa’s [...]
Kenya Faces a Decision that will Define Payments for Decades to Come
Over the last few years, Kenya has experienced continued growth in GDP and witnessed a solid influx of public and private investment. The country's financial sector is vibrant and ever-evolving, [...]
Kenya Dominates Africa’s Digital Agricultural Payments
Kenya leads Africa in digital agricultural payments, outpacing regional peers and global averages, according to new data from the Global Findex Database. Sub-Saharan Africa performs better, with 30% of adults [...]BNPL Startup Wabeh Downscales to Streamline Operations
Buy-now-Pay-Later startup Wabeh has disputed news that it has shut down, saying that it has just downscaled some of its operations to focus' on refining critical operations. We chose to [...]
After Going Bust, Lipa Later Now Mulls Buyout Proposals
Ailing fintech firm Lipa Later Limited, is drawing renewed investor interest as competing proposals emerge to salvage and restructure the company’s operations and assets. Meanwhile, Advance Global Capital (AGC) — [...]MyCredit Donates KES 500,000 for Youth Empowerment Through WEDCO Entrepreneurship and Life Skills Program
Nairobi, Kenya – MyCredit, one of Kenya’s fast-growing Non-Bank Financial Institution, has donated KES 500,000 to the WEDCO Youth Program, a transformative initiative equipping vulnerable young Kenyans with essential life [...]
LemFi Expands its International Payment Services to Egypt, Tapping into $29.6 Billion Remittance Market
LemFi to address surging demand with reliable, low-cost and competitive international payment offerings. LemFi, a leading international payment services startup based in London, with a strong presence across the United [...]
