Also known as: M-Pesa revenue
M-Pesa — mobile money service operated by Safaricom, generating record revenue growth while facing copyright infringement rulings and cybersecurity risks.
Safaricom reported record profit of Sh99.7 billion for the financial year ending March, driven by M-Pesa growth, while the High Court ordered the company to pay Sh1.4 billion in damages for infringing on an M-TIN Mobile Wallet USSD application, plus 0.5 percent annual royalties on M-Pesa revenue from March 2025 onward.
ABSA Bank, DTB Bank and Premier Bank are offering contactless payment solutions integrated into wearable devices like smartwatches, rings and wristbands, which customers can tap on POS terminals. The banks have implemented security measures including transaction limits, PIN requirements, and real-time fraud detection to address risks from potential loss or theft.
24 April 2026 · Citizen Digital →
ABSA Bank, DTB Bank and Premier Bank are offering contactless payment solutions integrated into wearable devices like smartwatches, rings and wristbands, which customers can tap on POS terminals. The banks have implemented security measures including transaction limits, PIN requirements, and real-time fraud detection to address risks from potential loss or theft.
24 April 2026 · Citizen Digital →