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Mobile Money

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What is a super app? If you go online, it’s broadly defined as a mobile app that combines multiple services into one platform. Typically, a super app may include social networking, e-commerce, banking, messaging, food delivery, transportation features, etc. A super app will also usually have ‘mini-apps’ embedded in it

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Xoom, PayPal’s money transfer service that serves millions of diaspora users globally has today launched money transfers to mobile wallets in Kenya and other markets in Africa for customers in the US, UK, Canada, and Europe. This is a timely move given that Kenya had remittances of Kes. 285 Billion

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Kenya leads the world in mobile money. This is a fact as over 18 million mobile subscribers are signed up for Safaricom’s wildly successful M-Pesa offering. It’s hard to imagine that just a few years ago although Safaricom’s M-Pesa was just taking off and most of the Banks in Kenya

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