Nairobi, Kenya – In a significant step toward mainstream cryptocurrency adoption, Bankless Bitcoin is set to launch Nairobi’s first-ever Bitcoin ATM at Two Rivers Mall, offering residents and visitors a seamless way to buy and sell Bitcoin using Kenyan shillings. The move marks a pivotal moment in Kenya’s digital currency journey, bridging the gap between traditional…
Kenya’s digital lending space is undergoing a seismic shift as artificial intelligence (AI) transforms traditional credit scoring models. With over 50 digital lenders now using AI-powered algorithms, the rules of borrowing are changing dramatically. But how exactly are these systems making lending decisions, what data are they using, and crucially – are they fair to…
In today’s fast-paced financial landscape, two powerful models have emerged as game-changers for underserved populations: microfinance and digital banking. Both aim to bring financial services to those excluded from traditional banking systems, but they do so in fundamentally different ways. As technology advances and the demand for inclusive financial solutions grows, the question arises: What…
Mobile money, a cornerstone of Kenya’s financial landscape, has seen a sharp decline in transactions, dropping by 14.5%. This marks a significant shift in a sector that has long been heralded as a driver of financial inclusion and economic growth. The downturn, coupled with government plans to trace transactions, signals both challenges and opportunities for…
PawaPay, a leader in mobile money payment systems in Africa, has surpassed $1 billion in transactions. This is a major milestone for a company dedicated to enhancing mobile financial services across Africa. While PawaPay has gained prominence by working with Africa’s “Big Four” economies—Nigeria, Kenya, South Africa, and Egypt—its future strategy appears to shift toward…
