Author: Winnie Banice

Of interest is the comparison between costs and insight into the differences in the various channel transactions and across the banks. 

The bank is not in the business of selling assets, and so the answer will always be – no, you need a business that has been operational for at least one year. 

There have been several launches of programs aimed to boost financial literacy and educate the SME’s, ranging from the World Bank, Barclays Bank, to Co-operative Bank.  What they all aim to achieve is a knowledgeable customer who is aware of running enterprises efficiently and utilizing loans in order to make timely repayments and also come back for bigger betters. The question then remains, with an educated population, many who have taken their Certified Public Accountants (CPA) and holding Degrees, what do such forums cover that add value to the attendees? Even with owners holding high education credentials, some MSME’s need…

As mobile banking rapidly evolves and competition becomes rampant, the question remains how much good versus damage is left in its wake? As banks join Fintech companies in offering credit loans, the target market for these loans continue to borrow more for regular household use and gambling. The Central Bank of Kenya (CBK) is also actively playing part in the race to grab a market share by steering the Stawi mobile loan, in partnership with five banks, which is aimed at benefiting small and medium-sized enterprises. Even as this develops, no clear regulations have been set and no regulatory body…

Short-term deposits at your bank and Unit trust funds can present some of these avenues.

Mobile money interoperability is the interaction between service providers for a range of products, primarily money transfer which includes depositing and withdrawing cash either domestically or across geographic regions. A good example of interoperability is ATMs where a customer can withdraw cash from any VISA branded ATM if one holds a VISA branded card or MasterCard for MasterCard branded cards. If achieved, the benefits of full interoperability would be substantial and improve the global drive towards financial inclusion. For the customers and merchants, it would mean greater relevance, given that a customer would be able to access more services and…