Safaricom Launches Second Money Market Product, Ziidi, in Kenya
Kenya's Capital Markets Authority approves Safaricom's Ziidi money market fund, offering low-risk investment options to unbanked and underbanked users.
Mobile Payments
Airtel Money Gains Ground in Kenya, Eating into M-PESA's Dominance
Airtel Money's market share surges to 7.6% as it capitalizes on lower fees and expanded access points, challenging M-PESA's long-standing dominance in Kenya's mobile money market.
Apple Pay Faces First Competition on iPhone with Vipps Launch in Norway
Norway's Vipps becomes the first third-party app to offer tap-to-pay on iOS, marking a significant shift in Apple's historically closed ecosystem.
M-Pesa's Grip on Kenya's Mobile Payments Market Loosening Amid Rising Competition
Kenya's mobile payments landscape is shifting as M-Pesa faces increased competition from rivals like Airtel Money and Pesalink, prompting a decline in its market dominance.
M-PESA's Hakikisha Update Reduces Daily Cash Reversal Requests by 67%
Safaricom's refined confirmation feature, Hakikisha, significantly reduces erroneous transactions, improving user experience and operational efficiency
Google Wallet Introduces Tap-to-Pay for Kids with Parental Controls
Google Wallet is rolling out a new feature allowing kids to use tap-to-pay on Android devices with parental consent and control through the Family Link app.
Google Wallet Now Lets Kids Make In-Store Purchases with Parental Supervision
Google expands Google Wallet features to allow kids to make in-store purchases with parental supervision in the US, UK, Australia, Spain, and Poland.
M-PESA's Market Share Declines for Fifth Consecutive Quarter as Airtel Money Gains Ground
Safaricom's M-PESA mobile money service continues to lose market share, falling to 91% in Q4 2024, as Airtel Money's aggressive promotions and lower fees attract more customers in Kenya's mobile money ecosystem.
Safaricom's M-PESA Market Share Drops as Airtel Money Gains Traction in Kenya
Safaricom's M-PESA market share declines from 97% to 91% over five quarters, while Airtel Money grows from 3% to 9%, signaling a fundamental shift in Kenya's mobile money market.
