Search results for: M-Shwari

Mon, June 16th 2014, 12:18 · Susan Mwenesi

M-Shwari introduces lock savings account

M-Shwari, a joint product of Safaricom and Commercial Bank of Africa (CBA), has introduced a fixed deposit feature it says will afford Kenyans at the bottom of the social pyramid the opportunity to save for specific purposes. → Read more
Thu, May 22nd 2014, 16:30 · Chris Udemans

Safaricom’s M-Shwari has 7m subscribers

Over seven million subscribers are now using Kenyan mobile operator Safaricom’s microfinance platform M-Shwari, according to George Ndegwa from the operator’s financial services division. → Read more
Fri, May 2nd 2014, 16:00 · Susan Mwenesi

GOtv Kenya customers to acquire set-top boxes through M-Shwari

Kenya’s Safaricom, Commercial Bank of Africa (CBA) and MultiChoice have agreed a financing option allowing Safaricom customers to acquire GOtv set-top boxes on credit through M-Shwari. → Read more
Thu, February 6th 2014, 17:40 · Chris Udemans

Safaricom, CBA announce plans to boost M-Shwari usage

Kenyan mobile operator Safaricom and Commercial Bank of Africa (CBA) have announced plans to boost the number of M-Shwari users, increasing the number of people that have access to formal banking solutions. → Read more
Tue, January 28th 2014, 11:02 · Tom Jackson

Airtel Kenya to launch M-Shwari competitor

Airtel Kenya is set to launch a mobile loans service to challenge Safaricom’s M-Shwari, more than a year after a partner sued Safaricom for allegedly stealing the idea. → Read more
Mon, January 27th 2014, 14:20 · Tom Jackson

CBA refers 140,000 M-Shwari defaulters to credit reference bureaus

Commercial Bank of Africa (CBA), which jointly developed mobile banking service M-Shwari with leading Kenyan operator Safaricom, has passed the details of more than 140,000 defaulters on loans to credit reference bureaus. → Read more
Tue, September 10th 2013, 11:30 · Nick Sato

Kenya’s M-Shwari service wins emerging technology award

Commercial Bank of Africa (CBA) and Safaricom’s mobile credit loan service M-Shwari has won Computerworld’s 21st Century Achievement Award in emerging technology. → Read more
Thu, August 29th 2013, 17:00 · Nick Sato

M-Shwari and agency banking boosts Kenyan banking

Safaricom agency banking and paperless banking service M-Shwari has boosted the total number of bank accounts, with a 13 per cent growth. → Read more
Tue, February 12th 2013, 11:13 · Vincent Matinde

M-Shwari records US$40M in savings

Safaricom has said over 1.6 million users of its phone-based savings and loans scheme M-Shwari have saved up to US$40million (KSh3 billion) since the service was launched in November last year. → Read more
Tue, January 8th 2013, 09:57 · Vincent Matinde

M-Shwari crosses KSh1 billion mark, sets sights on Tanzania

Despite disputes over idea ownership, M-Shwari, a Kenyan m-banking concept, has seen transactions totalling over KSh1 billion in barely three months. → Read more
Mon, December 17th 2012, 09:05 · Vincent Matinde

M-Shwari accumulates over 645,000 accounts, US$1m in savings

The Commercial Bank of Africa (CBA) has announced that over US$1 million has already been saved on mobile savings service M-Shwari, with 645,000 accounts opened in three weeks, even as the ownership dispute rumbles on. → Read more
Fri, December 14th 2012, 08:40 · Kamau Mbote

Just who owns M-Shwari? Safaricom blunders raise more questions

The M-Shwari ownership issue has thickened after Safaricom sent two contradictory press releases on who owns the product yesterday. → Read more
Thu, December 13th 2012, 11:53 · Elly Okutoyi

Safaricom sued by Faulu Kenya over M-Shwari

Barely one month after launching its M-Shwari service, Safaricom has been taken to court by microfinance company Faulu Kenya for allegedly breaching a non-disclosure agreement they had reached and purporting that the new service is its idea and product. → Read more
Tue, August 26th 2014, 10:30 · Susan Mwenesi

M-Pesa agents see individual commissions drop

Agents of Kenya’s M-Pesa mobile money service received KSh.10.6 billion (US$119.5 million) in total commissions for the year to March 2014, up almost 25 per cent on the previous year, although individual agents earn less as more agents join the network. → Read more
Fri, August 15th 2014, 16:00 · Susan Mwenesi

Co-operative Bank launches mobile banking service

Kenya’s Co-operative Bank has launched a mobile banking service, allowing customers to conduct all their banking via their phones. → Read more
Thu, May 15th 2014, 17:00 · Susan Mwenesi

Vodacom Tanzania, CBA launch mobile money banking product

Vodacom Tanzania and Commercial Bank of Africa (CBA) have launched a banking service named M-Pawa allowing Tanzanians to save and borrow money on their mobile phones. → Read more
Tue, April 1st 2014, 11:30 · Tom Jackson

Former Safaricom CEO launches M-Pesa in Europe

The former chief executive officer (CEO) of leading Kenyan operator Safaricom, Michael Joseph, has launched M-Pesa in Romania, the first European launch on the mobile money transfer system. → Read more
Wed, March 12th 2014, 11:30 · Abdirizaq Hussein

Safaricom’s M-Pesa marks seventh anniversary

Kenyan leading mobile money transfer service M-Pesa has marked its seventh anniversary since its launch in March 2007, with Safaricom saying the service has touched the lives of many Kenyans. → Read more
Fri, January 10th 2014, 12:40 · Nick Sato

Mobile transactions in Kenya hit $19.6bn in 2013

Kenyans transacted KSh1.7 trillion (US$19.6 billion) through their mobile phones in the first 11 months of 2013, underscoring the increasing significance of handsets in the financial services sector. → Read more
Sat, November 16th 2013, 08:00 · Nick Sato

75% of Kenyan adults use mobile money

The proportion of Kenyan adults using mobile money services has increased to 75 per cent, according to a report by the African Economic Research Consortium (AERC). → Read more