Fintech Association Of Kenya

𝐀𝐢𝐫𝐭𝐞𝐥 𝐌𝐨𝐧𝐞𝐲 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬 𝐰𝐢𝐭𝐡 𝐌𝐨𝐣𝐚 𝐄𝐱𝐩𝐫𝐞𝐬𝐬𝐰𝐚𝐲 𝐟𝐨𝐫 𝐓𝐨𝐥𝐥 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐨𝐧 𝐍𝐚𝐢𝐫𝐨𝐛𝐢 𝐄𝐱𝐩𝐫𝐞𝐬𝐬𝐰𝐚𝐲 airtel Money Kenya has partnered with MOJA Expressway Company to integrate Airtel Money as a payment solution for toll fees on the Nairobi Expressway, enabling customers to pay at exit stations through Manual or Electronic Toll Collection using their registered numbers or the *819# code and Moja website.  The collaboration, announced by Airtel Money Kenya Managing Director Anne Kinuthia-Otieno and Moja Expressway CEO Steve Zhao, aims to enhance user convenience and reduce cash dependency while offering zero transaction charges until January 2025 as part of a festive season promotion. The initiative introduces a secure and efficient payment option for expressway users as motorists can now easily complete toll payments through push notifications and PIN verification. #AirtelMoney #SmartDriving #DigitalPayments #mojaExpressway #AirtelPartnership

𝐌𝐓𝐍 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 𝐡𝐚𝐬 𝐥𝐚𝐮𝐧𝐜𝐡𝐞𝐝 𝐢𝐭𝐬 𝐄𝐜𝐨-𝐅𝐫𝐢𝐞𝐧𝐝𝐥𝐲 𝐁𝐢𝐨𝐝𝐞𝐠𝐫𝐚𝐝𝐚𝐛𝐥𝐞 𝐒𝐢𝐦 𝐂𝐚𝐫𝐝𝐬 MTN South Africa has taken a step toward environmental sustainability with the introduction of biodegradable SIM cards, addressing the growing concern of plastic waste in the telecommunications industry where South Africans purchase an estimated 180 million SIM cards annually—roughly three times the population.  The new eco-friendly SIMs, set to be distributed through MTN stores and partners this month, are manufactured using 100% FSC (Forest Stewardship Council) certified materials and are designed to decompose within three to six months when disposed of in soil, sea, or landfill while maintaining the same network connectivity, speeds, and security as traditional plastic cards. #GreenTelecom #MTNSustainability #EcoSIM #PlasticWasteReduction #MTNSouthAfrica

𝐒𝐡𝐨𝐩𝐫𝐢𝐭𝐞 𝐆𝐫𝐨𝐮𝐩 𝐔𝐧𝐯𝐞𝐢𝐥𝐬 𝐆𝐞𝐭𝐏𝐚𝐢𝐝 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐭𝐨 𝐄𝐦𝐩𝐨𝐰𝐞𝐫 The Shoprite Group of Companies has launched GetPaid, a payment platform designed to transform how small businesses handle transactions by enabling seamless invoicing and payment collection through digital means. The platform, developed in partnership with Payment Aggregator Pay@, eliminates the need for expensive card machines and hardware.  Business owners can generate digital invoices, payment links, and QR codes through their phones or computers. At the same time, customers can pay using various methods including cards, Money Market Account, SnapScan, Zapper, ScanToPay, or cash payments at any Shoprite, Checkers, or Usave stores nationwide. General Manager of financial services Jean Olivier explains that this latest addition to Shoprite's Money Market offering provides a cost-effective solution with no setup or monthly fees, charging only transaction fees ranging from 2.85% to 3.50% based on the payment method. Small businesses can easily register online, complete KYC/FICA requirements, and immediately begin creating customized invoices and tracking cash flow through a user-friendly dashboard, making it an advancement in making financial services more accessible and affordable for South African entrepreneurs while addressing the common challenge of payment delays between service delivery and receipt. #Shoprite #SMEInnovation #DigitalPayments #FinTech #Entrepreneurship #SouthAfricaBusiness

𝐐-𝐊𝐎𝐍 𝐚𝐧𝐝 𝐄𝐮𝐭𝐞𝐥𝐬𝐚𝐭 𝐎𝐧𝐞𝐖𝐞𝐛 𝐄𝐱𝐩𝐚𝐧𝐝 𝐏𝐚𝐫𝐭𝐧𝐞𝐫𝐬𝐡𝐢𝐩 𝐭𝐨 𝐁𝐫𝐢𝐧𝐠 𝐒𝐦𝐚𝐫𝐭 𝐋𝐄𝐎 𝐍𝐞𝐭𝐰𝐨𝐫𝐤𝐬 𝐭𝐨 𝐒𝐮𝐛-𝐒𝐚𝐡𝐚𝐫𝐚𝐧 𝐀𝐟𝐫𝐢𝐜𝐚 Q-KON has expanded its partnership with Eutelsat OneWeb to deliver enhanced connectivity through Smart LEO networks, designed to reach remote locations across sub-Saharan Africa. The collaboration, announced by Q-KON Group CEO Dr. Dr. Dawie de Wet, combines Q-KON's local expertise and engineering capabilities with Eutelsat OneWeb's advanced satellite infrastructure to boost the capacity of Twoobii-LEO, aiming to provide fast, reliable internet access to communities and businesses in healthcare, fintech, and retail sectors throughout the region. This expansion features key technological advancements, including locally positioned gateway infrastructure within Africa and optimized user terminals for maximum uptime, leveraging Eutelsat OneWeb's Smart Network domain on their LEO constellation. The partnership addresses the growing demand for low-cost, high-availability trusted connectivity services, focusing on serving remote and underserved areas across sub-Saharan Africa. #Connectivity #LEOSatellite #AfricaTech #SubSaharanAfrica #RemoteConnectivity #TechForGood #EutelsatOneWeb #Qkon

𝐄𝐭𝐡𝐢𝐨 𝐓𝐞𝐥𝐞𝐜𝐨𝐦, 𝐃𝐣𝐢𝐛𝐨𝐮𝐭𝐢 𝐓𝐞𝐥𝐞𝐜𝐨𝐦, 𝐚𝐧𝐝 𝐒𝐮𝐝𝐚𝐭𝐞𝐥 𝐋𝐚𝐮𝐧𝐜𝐡 𝐋𝐚𝐧𝐝𝐦𝐚𝐫𝐤 𝐇𝐨𝐫𝐢𝐳𝐨𝐧 𝐅𝐢𝐛𝐞𝐫 𝐈𝐧𝐢𝐭𝐢𝐚𝐭𝐢𝐯𝐞 ethio telecom, Djibouti Telecom, and Sudatel Telecom Group, Ltd have signed a Memorandum of Understanding in Addis Ababa to launch the Horizon Fiber Initiative, a multi-terabit terrestrial fiber optic network connecting the Horn of Africa with Europe and Asia. The project, which emerged from discussions beginning in June 2024 and is set to commence services by April 2025, aims to provide a more resilient alternative to submarine cables in the Red Sea region while delivering faster, more reliable connectivity through a streamlined network that promises to reduce latency and increase access to high-speed services. The initiative addresses persistent challenges associated with submarine cables while fostering economic growth and regional collaboration by creating low-latency network that connects Africa with major international markets. #Connectivity #FiberNetwork #DigitalTransformation #HornOfAfrica #AfricaTech #TelecomInnovation #GlobalConnectivity #EconomicGrowth #TechForGood

𝐇𝐔𝐁𝟐 𝐑𝐚𝐢𝐬𝐞𝐬 $𝟖.𝟓𝐌 𝐭𝐨 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐢𝐧 𝐅𝐫𝐚𝐧𝐜𝐨𝐩𝐡𝐨𝐧𝐞 𝐀𝐟𝐫𝐢𝐜𝐚 Ivory Coast-based HUB2 has secured $8.5 million in Series A funding, led by TLcom Capital LLP Capital, to realize its vision of becoming the "Stripe for Francophone Africa." Founded in 2019 by former Orange Africa telecom engineer Ashley Gauzere, HUB2 has already established partnerships with 55 neobanks, payment companies, remittance providers, and cryptocurrency platforms, addressing the region's complex challenges in payment fragmentation and banking interoperability through a unified API solution. The startup, inspired by Stripe's $70 billion success story, is tackling the unique challenges of Francophone Africa's financial ecosystem where mobile banking stands out but operates in regulatory and systemic silos across different countries. Through partnerships with major mobile money providers including Wave, Orange, MTN, Moov, Free, and T-Money, HUB2 enables fintech companies to seamlessly process mobile money, bank transfers, card payments, and cryptocurrency transactions through a single API, simplifying the complex payment landscape for businesses and consumers in one of the world's most financially fragmented regions. #FintechAfrica #HUB2 #StripeForAfrica #MobileMoney #DigitalPayments #FrancophoneAfrica #StartupFunding #PaymentInnovation #TLcomCapital

𝐓𝐚𝐥𝐤𝟑𝟔𝟎 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐍𝐣𝐢𝐚𝐏𝐚𝐲 𝐭𝐨 𝐒𝐢𝐦𝐩𝐥𝐢𝐟𝐲 𝐏𝐚𝐲𝐦𝐞𝐧𝐭𝐬 𝐀𝐜𝐫𝐨𝐬𝐬 𝐀𝐟𝐫𝐢𝐜𝐚 Talk360, a calling app has announced the spinoff of its payment platform into a new company called NjiaPay, set to launch its services to international customers in the first quarter of 2025.  NjiaPay aims to tackle the complex challenges of Africa's fragmented payment landscape across 54 countries with different currencies, banking systems, and local payment methods. NjiaPay Led by a team of fintech experts and leveraging machine learning and artificial intelligence, has already demonstrated its potential through pilot programs that achieved a 25% increase in conversion rates by providing a unified checkout experience with optimized routing based on user characteristics.  Talk360's leadership team, including CEO Hans Osnabrugge, Africa MD Dean Hiine, and COO Marika Beindorff, explains that this separation allows Talk360 to focus on its core mission of connecting people through its calling app while enabling NjiaPay to change African payments by offering small and midsize merchants a comprehensive solution that intelligently navigates payment service providers and methods across the continent. #NjiaPay #PaymentsInnovation #Talk360 #SeamlessPayments #FintechForAfrica

𝐁𝐢𝐧𝐚𝐧𝐜𝐞 𝐚𝐧𝐝 𝐀𝐥𝐭𝐒𝐜𝐡𝐨𝐨𝐥 𝐀𝐟𝐫𝐢𝐜𝐚 𝐏𝐚𝐫𝐭𝐧𝐞𝐫 𝐭𝐨 𝐎𝐟𝐟𝐞𝐫 𝐒𝐜𝐡𝐨𝐥𝐚𝐫𝐬𝐡𝐢𝐩𝐬 𝐟𝐨𝐫 𝐀𝐟𝐫𝐢𝐜𝐚𝐧𝐬 Binance has partnered with the educational technology platform AltSchool Africa to provide 500 full scholarships to cultivate the next generation of African tech talent. The initiative, set to run from January to December 2025, will cover tuition for diploma programs and short courses in software engineering, cybersecurity, and content creation, while providing recipients mentorship, career support, and practical training to ensure industry readiness. Through this partnership, announced by Binance spokesperson Samantha Fuller and AltSchool Africa's Nifemi Akinwamide, both organizations aim to drive economic transformation through education, with Binance . #BinanceScholarships #AltSchoolAfrica #TechForAfrica #EdTechInnovation

𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤 𝐢𝐧 𝐅𝐢𝐧𝐭𝐞𝐜𝐡 Discover why FINTAK Weekly is the go-to newsletter for over 44,672 subscribers, including: ✨ 𝐂𝐡𝐢𝐞𝐟 𝐄𝐱𝐞𝐜𝐮𝐭𝐢𝐯𝐞 𝐎𝐟𝐟𝐢𝐜𝐞𝐫𝐬 🚀 𝐅𝐨𝐮𝐧𝐝𝐞𝐫𝐬 💻 𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐬 📊𝐒𝐨𝐟𝐭𝐰𝐚𝐫𝐞 𝐄𝐧𝐠𝐢𝐧𝐞𝐞𝐫𝐬 🤝 𝐂𝐨-𝐅𝐨𝐮𝐧𝐝𝐞𝐫𝐬 Our dedicated editorial team delivers the latest insights every Tuesday, keeping you ahead with a comprehensive view of everything happening in Kenya and Africa's fintech space. 🌍 Don't miss out—join the most informed community today! 🚀

𝐒𝐮𝐧𝐂𝐮𝐥𝐭𝐮𝐫𝐞 𝐚𝐧𝐝 𝐓𝐮𝐫𝐚𝐜𝐨 𝐋𝐚𝐮𝐧𝐜𝐡 𝐂𝐥𝐢𝐦𝐚𝐭𝐞 𝐈𝐧𝐬𝐮𝐫𝐚𝐧𝐜𝐞 𝐟𝐨𝐫 𝐅𝐚𝐫𝐦𝐞𝐫𝐬 SunCulture Kenya has partnered with Turaco Microinsurance to launch 'SunCulture Protect', an insurance product designed to help smallholder farmers build resilience against climate change impacts. The collaboration will deliver affordable health and life coverage through SunCulture's pay-as-you-go (PAYG) devices, addressing a critical need as climate change increasingly threatens agricultural communities and pushes an estimated 14 million people across Africa into financial hardship annually due to health-related issues. SunCulture CEO Samir Ibrahim stated that the initiative goes beyond sustainable energy solutions to provide financial security for farmers and their families while Turaco CEO Ted Pantone highlighted the partnership's commitment to making insurance accessible to those most exposed to climate change impacts.  #ClimateResilience #FarmersFirst #SunCulture #InclusiveInsurance #PAYGSolutions #turaco