Orange Kenya to launch mobile money transfer service.
In the news today, Orange Kenya plans to launch a mobile money transfer service to compete with Safaricom’s M-Pesa and Zain Kenya’s Zap services. Specific details as to when Orange Kenya plans to launch its mobile money transfer service have not been providedÂ as yet. Mobile money transfers in Kenya
KWFT testing microloan payments via mobile phone.
In today’s edition of the Business Daily, its been reported that the Kenya Womens Finance Trust (KWFT) is currently testing micro loan repayments from its loanees using Safaricom’s hugely popular M-Pesa service on mobile phones. The pilot, if viable, will be extended to most of KWFT’s branches in coming month’s.
Western Union lowers money transfer charges to just 2% in Kenya.
In an obvious move to stay relevant (and competitive) against the growing dominance of mobile payment services in the form of Safaricom’s M-Pesa and Zain’s Zap, Western Union has massively lowered its money transfer rates within Kenya to just 2% of the value being transferred. The new rate applies to