Banking
Explore the latest trends, technology advancements, and regulatory changes impacting the banking sector.
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Announcements
Equity Bank Customers Forced to Pay for SMS Alerts
Equity Bank has introduced charges of KES 2.26 per transaction confirmation SMS, with no option to opt out.
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News
KCB joins forces with Sanlam to distribute life insurance products
KCB and National Bank of Kenya partner with Sanlam to offer life insurance products and boost market penetration rate.
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24 Bit
Podcast: From Banking to Fintech; A discussion with LOOP on new approach
In this episode we sit down with Eric Muriuki CEO, and Jimmy Mwangondi, Chief Product Officer to discuss the new…
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News
Safaricom introduces SIM Swap API to help banks counter fraud
Safaricom has introduced a new SIM Swap API tool that allows banks to query potential fraudulent withdrawals.
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News
I&M Bank won’t be charging M-Pesa transaction fees
I&M bank won't be charging mobile transaction fees. M-Pesa and Airtel Money customers will move money for free from bank.
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How To/ Explained
M-Pesa Global; How to send money internationally
This article breaks down how to send money internationally using M-Pesa Global either to mobile number, bank or using Western…
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Announcements
Sarah Serem Appointed Postbank Board Chairperson
Postbank on Thursday 26th January 2023 announced the appointment of Amb. Sarah Serem as the chairperson of the Bank’s Board of…
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Opinion
NCBA LOOP Update; a masterclass on how to annoy customers
NCBA Loop has been updated. It's now a super app trying to offer everything all at once, in one cluttered…
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News
NCBA Loop goes offline as bank promises major upgrade
Between Saturday 21st January 2023, and Monday, 23rd January, all NCBA Loop system will be offline as the bank promises…
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News
Absa Bank certified top employer in Kenya and Africa
The "Top Employers Institute" has named Absa Bank Kenya PLC the top employer of choice in Kenya and Africa, for…
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News
Bank M-Pesa charges could be suspended following Court Order
The High Court has ordered suspension of Bank M-Pesa charges before a matter concerning how legal the charges are is…
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How To/ Explained
How to avoid M-Pesa & Bank Charges in 2023
We are shifting from using KES 0 for a transfer, to over KES 100 if moving the cash from wallet…
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News
How much every Bank charges to move cash to M-Pesa in 2023
Beginning 1st January 2023, banks will charge you transaction costs plus excise duty when moving cash from Bank to M-Pesa…
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Interesting Reads
What to expect in 2023 in the Kenyan Tech Space
This article tries to breakdown the different things you can expect to happen in the tech space in Kenya in…
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News
NCBA Bank to Mobile Money Charges Effective January 2023
This article breaks down transaction charges when moving money from your NCBA Bank account to your M-Pesa or Airtel Money…