ATR
CAF Data Centre Industry Outlook
HSSR rebrand
Communications Africa

twitteryou tubeacpRSS Feed

A new study by MasterCard shows that digital payments in Kenya have grown manifold in the last two years, with digital cards now serving more than ten million users

The MasterCard Social Listening Study analysed over 10,000 online conversations in seven countries including Kenya, Nigeria, the United Arab Emirates, China, India, Malaysia and Indonesia between 1 May 2015 and 30 July 2015 to learn about the payment innovations being adopted in those markets.

The study found that the expansions in mobile telecommunications and easy availability of mobile phones in the Kenyan market have facilitated digital payment innovations. The fast moving telecommunications market also makes Kenya ripe for innovation in digital payment systems, with more than ten million card users using MasterCard technology.

“Kenyans are looking for newer and more convenient ways to pay, provided it is secure and easy to use. From mobile payments to contact-less technology, MasterCard’s innovations are changing the way people pay for everyday items, providing unrivalled levels of ease and convenience,” said Anthony Karingi, an executive for East Africa at MasterCard.

Kenya is among emerging market countries with high levels of online conversations on digital wallets pertaining to payments. MasterCard had evoked some of those online discussions when it had announced the use of facial recognition software that will allow the use of a selfie to complete digital transactions.

Oil Review Africa
NEW interactive digital platform

Most Read

AMN activates first base station with Starlink LEO backhaul, expanding rural connectivity in Nigeria and beyond. (Image source: AMN)

Zoho partners with She Code Africa to upskill African women in tech through intensive training in low-code development via the Young Creators Program. (Image source: Adobe Stock)

SEACOM celebrates its 15th anniversary, highlighting its impact on Africa's ICT and connectivity with milestones in subsea cable and fibre services. (Image source: Adobe Stock)

This agreement will enhance DTB’s digital strategy in Kenya, addressing increasing demand for digital payments. (Image source: Network International)

SES to acquire Intelsat in compelling transaction focused on the future. (Image source: SES)

enza will leverage TerraPay’s extensive connectivity to over 2.1 billion mobile wallets globally. (Image source: Adobe Stock)

Eutelsat and Seraphim aim to enhance global connectivity, Earth observation, and data services. (Image source: Adobe Stock)

PalmPay was recognised in CNBC/Statista's "Top 250 Fintech Companies in the World" list, highlighting its role in advancing financial inclusion in Africa. (Image source: Adobe Stock)

GSMA report lauds PalmPay for driving mobile money adoption in Nigeria, emphasising its role in financial inclusion. (Image source: Palmpay)

South African customers now have access to a diverse range of local and international brands, offering competitive prices and speedy same-day or next-day delivery options. (Image source: Amazon)

Airtel Networks Zambia Plc and Zambia Industrial Commercial Bank partner to provide SMEs with 4G and 5G Internet devices, boosting efficiency and market access. (Image source: Adobe Stock)

Latest news

This agreement will enhance DTB’s digital strategy in Kenya, addressing increasing demand for digital payments. (Image source: Network International)

Zoho partners with She Code Africa to upskill African women in tech through intensive training in low-code development via the Young Creators Program. (Image source: Adobe Stock)

SEACOM celebrates its 15th anniversary, highlighting its impact on Africa's ICT and connectivity with milestones in subsea cable and fibre services. (Image source: Adobe Stock)

Cofinity Group, Inc. partners with leading African data centre providers, enhancing Africa's digital infrastructure and driving economic growth. (Image source: Adobe Stock)

PalmPay was recognised in CNBC/Statista's "Top 250 Fintech Companies in the World" list, highlighting its role in advancing financial inclusion in Africa. (Image source: Adobe Stock)

Network International extends partnership with EGBANK to enhance ATM acquiring services and drive digital payment transformation in Egypt. (Image source: Network International)

Schneider Electric and IXAfrica launch East Africa’s largest hypercloud data center, ‘NBOX1’, with cutting-edge tech and sustainable design. (Image source: IXAfrica)

VOX Solutions partners with Orange Burkina Faso to combat messaging fraud and artificial traffic inflation through secure A2P message transmission and the VOX-3. (Image source: Adobe Stock)

Gamze Aydin, senior vice-president of sales and South Africa country manager at Avanti. (Image source: Avanti Communications)

The introduction of 5G technology is anticipated to bring numerous benefits to the people of Egypt, including increased capacity for seamless connectivity in densely populated areas. (Image source: Adobe Stock)

The new 5G towers can connect up to 10,000 users and offer speeds at least ten times faster. (Image source: Adobe Stock)

MTN Group hosted Nigeria's NIPSS delegation in Johannesburg, fostering collaboration on digital technology, youth empowerment, and job creation. (Image source: MTN Group)

Airtel Networks Zambia Plc and Zambia Industrial Commercial Bank partner to provide SMEs with 4G and 5G Internet devices, boosting efficiency and market access. (Image source: Adobe Stock)

The Hubs will provide small businesses with e-commerce training materials and resources, as well as in-person coaching and training sessions, so they can overcome challenges to selling online. (Image source: Adobe Stock)

True hybrid networks integrate diverse connections into a seamless, unified network regardless of infrastructure. (Image source: Livewire Digital)

Africa Tech Festival

More Articles