News about the NFC market in Kenya — trials, pilots, tests and live services.
October 21st, 2016
Pan-African banking group Ecobank has signed a memorandum of understanding (MoU) with Mastercard to roll out Masterpass QR mobile payments across 33 African countries. In what the payment company says is the largest Masterpass deal…
September 21st, 2016
Visa has launched its mVisa QR code-based mobile payment service in Kenya with Co-Operative Bank, Family Bank, KCB and NIC Bank. “With mVisa, consumers can directly access all of the funds in their bank accounts to pay merchants or individuals,” Visa says. mVisa was unveiled in August 2015 through a pilot with Indian banks. ICICI Bank became the first to offer the service to consumers in October, followed by State Bank of India, which announced its support for mVisa in May 2016. It is due to arrive in Nigeria by the end of this year.
July 19th, 2016
Kenyan carrier Safaricom is testing a new PIN-based NFC-enabled ‘Tap-and-Go’ card for its M-Pesa mobile money service. “The telecommunications services provider says the new offering can integrate with an existing M-Pesa account and the pilot phase is currently being conducted among Safaricom staff, with plans to extend the service to university students,” ITWeb Africa reports. Reports emerged in March 2014 that Safaricom was working to add NFC to its M-Pesa service.
June 3rd, 2016
Apple Pay has “made only a small dent in the global payments market” due to technical challenges, low consumer take-up and resistance from banks, according to a report by Reuters. “Apple Pay usage totaled US$10.9bn last year, the vast majority of that in the US,” the publication says, citing research from Timetric. “That is less than the annual volume of transactions in Kenya, a mobile payments pioneer.”
February 16th, 2015
BebaPay, a payment card launched by Google and Equity Bank in Kenya in 2013 that let users pay for their bus fare via NFC, is to be discontinued on March 15. “You can either replace your card with the new Equity prepaid MasterCard for free, finish your card balance by 15 March or get a refund after 28 March,” AllAfrica reports.
June 5th, 2014
Bangalore-based iKaaz is to expand its NFC payments platform to Kenya. Following its introduction to Nigeria earlier this year, the mobile payments provider has joined with Kenya’s Family Bank and local partner Edge financial systems to provide customers with Tap & Pay options in both retail and transport.
May 16th, 2014
Kenyan mobile network operator Safaricom has now signed up 122,000 merchants for Lipa na M-Pesa, a service launched in June 2013 that enables Kenyan consumers to use the funds stored in their M-Pesa mobile money…
April 28th, 2014
Equity Bank, Kenya’s largest bank, is to provide more than 300,000 free NFC phones to retailers across the country for use as POS devices, ITWeb Africa reports. “Our new MasterCard ATM cards are tap-and-go hence the need to put mobile POS devices with merchants to process payments,” chief executive James Mwangi said. “The NFC-enabled phones and cards will help Equity Bank be well positioned to significantly increase volumes and commission from payment processing.”
March 14th, 2014
Kenyan carrier Safaricom is to add NFC payment capabilities to its flagship M-Pesa mobile money service, according to Techmoran.”Still undergoing the tendering process, the NFC SIM cards are expected to be rolled out to its subscribers for mobile contactless payments and transactions making Safaricom the first mobile operator in the region to mass deploy SIM-based NFC for contactless transactions,” the report says.
May 1st, 2013
The BebaPay service is now live on buses in Nairobi and a free app enables any Android NFC phone to be used as a card reader. Shops, traders and small businesses will be able to use Google’s BebaPay in the future “to accept payments from customers, without needing expensive tills and cash registers.”
May 28th, 2012
Google has introduced a contactless prepaid card in Kenya, TechMtaa reports. The new Beba card can be loaded with up to Ksh 10,000 (US$115) and used to make payments on Nairobi’s Citi Hoppa buses.
February 14th, 2011
Mobile network operator Airtel Africa is to launch NFC services in Kenya, Tanzania, Gabon and a further nine African countries in early 2011, its NFC technology partner Oberthur Technologies has announced at the Mobile World…