This, he said, has enabled financial service providers to increase their digital offerings for customers so they can conduct banking transactions on mobile phones, the internet, and at the automated teller machine (ATM).
Oil is adding to cost pressures and countering the positive effects of portfolio inflows and the support to African countries’ currencies that came from the U.S Federal Reserve and European Central Bank’s recent dovish tone, said Cobus de Hart
“Our range of products and services meet the day-to-day banking, financing, investment and transactional needs of our customers."
By launching its own blueprint, the first on the continent, Kenya indicated its potential to meet the objective of being a pacesetter for African countries that are embarking on this digital transformation journey.
In a bid to continue supporting financial inclusion in Africa, Dubai-based Investment banking advisory firm Nimai has unveiled a USD 150 Mn fund in a partnership with Kenya’s Victoria Commercial Bank .
The experts, who made the call, noted that with the increase in the prevalence of cyberattacks on business organisations, government infrastructure and individuals, the demands for cybersecurity skills would also be on the rise.
The report also calls for a balance between innovation and risk, to cater for consumers who want not only to save, but to access digitally enabled, market-based wealth-building products.
Safaricom, which is listed on the Nairobi Securities Exchange, rode on increased revenues from its mobile money platform M-Pesa and data to grow revenues during the 12-month period to March 31.