Also known as: Safaricom Group · Safaricom PLC · Safaricom Kenya · Safaricom Ethiopia · Safaricom Ethiopia Plc
Kenyan telecommunications company that posted Sh99.7 billion net profit for the year ending March 2026, facing a High Court order to pay Sh1.4 billion in copyright damages over M-Pesa USSD infringement.
Safaricom posted a record net profit of Sh99.7 billion for the year ending March 2026, driven by M-Pesa growth and digital service adoption. However, the company faces significant headwinds: a High Court order to pay Sh1.4 billion in damages for infringing an M-Pesa USSD application and to pay ongoing royalties of 0.5 percent of M-Pesa revenue, and a court petition seeking to block the government's planned sale of its 15 percent stake to Vodacom on constitutional grounds.
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 →