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Mastercard Launches Kionect for Nairobi’s Smallest Shopkeepers

Mastercard unveiled Kionect, a digital ordering system that empowers small kiosk owners in Nairobi to order and pay for products from wholesalers via SMS. Orders submitted via a feature phone helps create a digital record for kiosk owners to get access to micro-loans to stock inventory and grow their business.

Direct Pay Online Group Buys EFT Firm to Grow E-payments

The Direct Pay Online Group (DPO) has announced the acquisition of Setcom (Pty) Ltd, which operates SID Instant EFT, an instant electronic funds transfer (EFT) solution in South Africa. The deal will complement DPO’s payment solutions across the continent, which currently includes processing for all major cards, mobile money and e-wallets.

Mastercard Taps Into The Global Appeal of mPOS

As widespread smartphone adoption has gone global, giants in the payments and technology space are looking to harness the devices as cheap and easily accessible commercial tools — and one company wants to use them to achieve worldwide mobile point of sale (mPOS) acceptance domination.

Equity Bank Launches Mobile Services in Rwanda

Equity Bank has introduced a range of digital solutions in Rwanda. The Eazzy Banking suite of products includes the EazzyBanking app, which is available for both Android and iOS.

The app enables customers to open accounts, send money to bank accounts or mobile wallets, apply for and repaying loans, and pay utility bills.

Blockchain for Business: Ready or Not, Here it Comes

Blockchain became 2017’s technology mantra, following the previous year's mantras of big data, artificial intelligence, cloud, analytics and IOT.

Every year it seems something bubbles to the top of the pile that promises to save our world and fix everyone's problems in one sweep. But where the cloud, IOT, big data and AI all promised a lot, to date, they have regularly fallen short on the delivery. 

Safaricom Enhances MPESA for Visually Impaired Customers

In line with the theme for this year’s International Day of Persons with Disabilities to create a more sustainable and resilient society for all, Safaricom has announced the launch of M-PESA services for visually impaired customers.

A world first, the new service will mean that customers can now access the mobile money services by dialing 234, then selecting the “M-PESA Services” option, followed by the “M-PESA Balance” option. This will then allow customers to enter their PIN and have their balances read out to them.

Uber Sets Up Deal With Momo Wallet Service

Uber has not been having what you’d call a great year in 2017. Problem after problem has socked the company, from cultural issues to covered-up hacks. But Uber, like the old man in “Monty Python and the Holy Grail”, is not dead yet. In fact, it’s just set up a payments deal in Southeast Asia—its first such deal so far in the region—by setting up shop with a mobile wallet service in Vietnam: Momo.

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