𝐓𝐡𝐢𝐬 𝐖𝐞𝐞𝐤 𝐈𝐧 𝐅𝐢𝐧𝐓𝐞𝐜𝐡.... We bring you the latest news on global macroeconomic trends, emerging technologies and fintech, African economies and integration, regulatory innovations and best practices, environmental, social, and governance (ESG) investment, startup ecosystems and venture capital, cybersecurity and data privacy, political and geopolitical dynamics, agriculture and agri-tech, and labor and education. 𝑊ℎ𝑒𝑡ℎ𝑒𝑟 𝑦𝑜𝑢 𝑎𝑟𝑒 𝑎 𝑟𝑒𝑔𝑢𝑙𝑎𝑡𝑜𝑟, 𝑓𝑖𝑛𝑡𝑒𝑐ℎ 𝑒𝑛𝑡𝑟𝑒𝑝𝑟𝑒𝑛𝑒𝑢𝑟, 𝑖𝑛𝑣𝑒𝑠𝑡𝑜𝑟, 𝑜𝑟 𝑠𝑖𝑚𝑝𝑙𝑦 𝑖𝑛𝑡𝑒𝑟𝑒𝑠𝑡𝑒𝑑 𝑖𝑛 𝑠𝑡𝑎𝑦𝑖𝑛𝑔 𝑖𝑛𝑓𝑜𝑟𝑚𝑒𝑑 𝑎𝑏𝑜𝑢𝑡 𝑡ℎ𝑒 𝑙𝑎𝑡𝑒𝑠𝑡 𝑑𝑒𝑣𝑒𝑙𝑜𝑝𝑚𝑒𝑛𝑡𝑠 𝑖𝑛 𝑡ℎ𝑒 𝑖𝑛𝑑𝑢𝑠𝑡𝑟𝑦, 𝑡ℎ𝑒 𝐹𝑖𝑛𝑡𝑒𝑐ℎ 𝐴𝑠𝑠𝑜𝑐𝑖𝑎𝑡𝑖𝑜𝑛 𝑜𝑓 𝐾𝑒𝑛𝑦𝑎 𝑊𝑒𝑒𝑘𝑙𝑦 𝑁𝑒𝑤𝑠𝑙𝑒𝑡𝑡𝑒𝑟 𝑖𝑠 𝑒𝑠𝑠𝑒𝑛𝑡𝑖𝑎𝑙 𝑟𝑒𝑎𝑑𝑖𝑛𝑔. 𝑆𝑢𝑏𝑠𝑐𝑟𝑖𝑏𝑒 𝑡𝑜𝑑𝑎𝑦 𝑎𝑛𝑑 𝑔𝑒𝑡 𝑡ℎ𝑒 𝑖𝑛𝑠𝑖𝑔ℎ𝑡𝑠 𝑦𝑜𝑢 𝑛𝑒𝑒𝑑 𝑡𝑜 𝑠𝑢𝑐𝑐𝑒𝑒𝑑 𝑖𝑛 𝑡ℎ𝑒 𝑑𝑖𝑔𝑖𝑡𝑎𝑙 𝑎𝑔𝑒!

# Fintech Association Of Kenya

## Financial Services

### Nairobi, Nairobi 85,004 followers

#### The Voice of Fintech in Africa!

## About us

The Fintech Association of Kenya (FINTAK) is your gateway to the forefront of Kenya & Africa's financial revolution. We are the driving force behind innovation, collaboration, and advocacy within the country's vibrant Fintech sector. Our mission is to empower businesses, individuals, and policymakers, transforming Kenya into a global leader in accessible, secure, and cutting-edge financial technology. Our Vision: Transform Kenya into a world leader in fintech innovation. We believe in the transformative power of Technology. Our vision is a Kenya where: • Consumers have unprecedented financial control and knowledge. • Businesses of all sizes thrive through seamless digital solutions. • Financial inclusion expands, leaving no one behind. • A supportive regulatory environment fuels responsible innovation. What We Do: Your Partner in Progress FINTAK is your go-to resource for fueling Fintech success in Kenya. We offer: Advocacy: 📢 Shaping policies and regulations that support the responsible growth of fintech. Collaboration: 🤝 Building a vibrant community for networking, partnerships, and knowledge transfer. Expertise: 💼 Consultancy, training, and insights to help you navigate the ever-evolving landscape. Awareness: 🌟 Promoting financial literacy and fostering wider adoption of fintech solutions. Join the Movement Whether you're a fintech startup, an established financial player, or an individual eager to learn more, FINTAK is where the action is. Become a member today and help us drive Kenya's fintech future together!

- Website
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https://fintechassociation.africa/
External link for Fintech Association Of Kenya

- Industry
- Financial Services
- Company size
- 2-10 employees
- Headquarters
- Nairobi, Nairobi
- Type
- Nonprofit
- Founded
- 2020
- Specialties
- Fintech, Payments, Blockchain, Banking, Lending, Insurance, Crowdfunding, Consultancy, Research, Real Estate, Investment, Wealth Management, Accounting and Credit Assessment, and Security and Investor protection

## Locations

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Primary
Ngara shopping complex

Ngara

Nairobi, Nairobi 00200, KE


## Employees at Fintech Association Of Kenya

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### George Abwajo

#### Strategic and Private Sector Partnerships : PFM: Public Policy : International Business Development

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### Duncun Motanya

#### Chairperson - Fintech Association Of Kenya

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### Andrew Barden

#### Wall Street Africa Group | The Kenyan Wall Street | Fintech Association of Kenya

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### Harry Rodgers

#### Attended St. Paul's University


## Updates

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📌 📌 Reach out to Beatrice Muru for inquiries and to book a slot.

🇰🇪 Our Cofounder and Co-CEO, Hervé Manceron, and our VP, Solutions & Strategic GTM Mohamed Anis K., will be on a roadshow in Nairobi next week meeting with members of the banking and fintech ecosystem. They've got a few slots left to meet with players making waves in the banking revolution. If that's you, let's connect!

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𝐌𝐓𝐍 𝐒𝐨𝐮𝐭𝐡 𝐀𝐟𝐫𝐢𝐜𝐚 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐂𝐥𝐨𝐮𝐝𝐏𝐥𝐚𝐲 𝐚 𝐆𝐚𝐦𝐢𝐧𝐠 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 MTN South Africa and Sportech company Telecoming have announced the launch of MTN Cloudplay, a new cloud gaming service that allows MTN customers in South Africa to access and stream high-end PC games on their mobile devices without the need for downloads or gaming consoles. The service uses MTN's 5G network, to provide low latency and minimal lag, enabling gamers to seamlessly access their purchased games from platforms like Steam across multiple devices. According to Jason Probert, GM for digital services at MTN South Africa, "The advent of 5G means that it is now possible to stream and play games without the need for a PC or console." #CloudGaming #MTNCloudplay #5GInnovation #MobileGaming #GamingWithoutLimits #MTNSouthAfrica #Telecoming #PCGamesOnMobile #TechInAfrica #GamingFuture

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𝐄𝐠𝐲𝐩𝐭 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐈𝐧𝐭𝐞𝐫𝐧𝐚𝐭𝐢𝐨𝐧𝐚𝐥 𝐓𝐫𝐚𝐧𝐬𝐟𝐞𝐫𝐬 𝐯𝐢𝐚 𝐈𝐧𝐬𝐭𝐚𝐏𝐚𝐲 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐅𝐢𝐧𝐚𝐧𝐜𝐢𝐚𝐥 𝐈𝐧𝐜𝐥𝐮𝐬𝐢𝐨𝐧 The Central Bank of Egypt (CBE) has introduced a feature that allows users in Egypt to receive international money transfers through the InstaPay app. Announced during the PAFIX 2024 conference on electronic payments and financial inclusion, the initiative authorizes Egyptian banks to process transfers via InstaPay from any country, with transfer fees determined by banks based on the currency and country of origin, while recipients will receive the funds in Egyptian pounds. The service will be rolled out in phases, starting with transfers from Gulf countries within the next two months, and the CBE will actively engage in discussions with Gulf central banks to facilitate the implementation. This development follows the CBE's recent revisions to the transaction limits for the National Instant Payment System, which were made in response to an increase in the number and value of transactions, as well as the release of a new periodic bulletin confirming the allowance for banks to open accounts for foreign nationals, including non-residents, to promote greater access to banking services and reduce financial transactions outside the formal banking sector. #InstaPay #FinTech #DigitalPayments #FinancialInclusion #EgyptBanking #CrossBorderTransfers #Remittances #CBEUpdates #GulfToEgypt #DigitalFinance

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𝐎𝐧𝐞-𝐓𝐡𝐢𝐫𝐝 𝐨𝐟 𝐔𝐠𝐚𝐧𝐝𝐚'𝐬 𝐌𝐨𝐛𝐢𝐥𝐞 𝐌𝐨𝐧𝐞𝐲 𝐀𝐜𝐜𝐨𝐮𝐧𝐭𝐬 𝐃𝐨𝐫𝐦𝐚𝐧𝐭, 𝐔𝐂𝐂 𝐑𝐞𝐩𝐨𝐫𝐭 𝐑𝐞𝐯𝐞𝐚𝐥𝐬 Uganda Communications Commission (UCC) data reveals that 15.2 million (33.3%) of the country's 45.6 million registered mobile money Simcards were inactive as of September 2024, with similar inactivity rates reported throughout the year, including 14.8 million (33.4%) in June and 14 million (32.9%) in March. Under the National Payment Systems Act, Simcards become inactive after 90 days without transactions and can be suspended after a one-month notice, with unclaimed balances eventually transferred to the consolidated fund if no claims are made within seven years. Despite the high inactivity rate, mobile money subscriptions increased by 3.07% from 44.2 million in June to 45.6 million in September, with the service remaining a crucial driver of financial inclusion, reaching over 66% penetration according to Financial Sector Deepening Uganda. The platform processed an average of 1.9 billion transactions in the quarter ending September 2024, though UCC head of public affairs Ibrahim Bbosa notes that inactive Simcards are redistributed after a period of inactivity, with the last major network clean-up in 2021 removing 2.2 million accounts. #UgandaMobileMoney #FinancialInclusion #TelecomRegulation #DigitalPayments

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𝐌𝐓𝐍 𝐔𝐠𝐚𝐧𝐝𝐚 𝐚𝐧𝐝 𝐌𝐚𝐬𝐭𝐞𝐫𝐜𝐚𝐫𝐝 𝐋𝐚𝐮𝐧𝐜𝐡 ‘𝐌𝐚𝐫𝐤𝐞𝐭 𝐛𝐲 𝐌𝐨𝐌𝐨’ 𝐄-𝐜𝐨𝐦𝐦𝐞𝐫𝐜𝐞 𝐏𝐥𝐚𝐭𝐟𝐨𝐫𝐦 𝐭𝐨 𝐁𝐨𝐨𝐬𝐭 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐓𝐫𝐚𝐝𝐞 MTN Group Fincommerce, a subsidiary of MTN Fintech Group in partnership with MTN MoMo Uganda and collaborating with Mastercard, has officially launched its new e-commerce platform, Market by MoMo, to offer Ugandan traders and buyers a seamless online selling and shopping experience. The platform, accessible through the MTN MoMo app or market.momo.africa, offers a wide range of products from electronics to groceries and fashion, featuring zero-rated access for MTN customers, flexible payment options, and fast delivery services, with over 3,500 local businesses already onboarded and more than 5,000 orders fulfilled. The initiative provides traders with free packaging, marketing support, and quick settlements, while offering customers discounts of up to 60% on select products during the festive season. According to E-commerce Country Lead Brian Mutungi Tukahirwa and CFO Sarah Bateta Okwi, the platform represents a significant expansion of the MoMo ecosystem beyond traditional payments and transfers, aiming to transform Uganda's e-commerce sector and create a more inclusive digital marketplace for businesses and consumers. #UgandaEcommerce #DigitalMarketplace #MoMoInnovation #FinTechAfrica

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+1

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𝐊𝐞𝐧𝐲𝐚'𝐬 𝐃𝐢𝐚𝐬𝐩𝐨𝐫𝐚 𝐑𝐞𝐦𝐢𝐭𝐭𝐚𝐧𝐜𝐞𝐬 𝐒𝐨𝐚𝐫 𝐭𝐨 𝐑𝐞𝐜𝐨𝐫𝐝 𝐒𝐡𝟓𝟔.𝟐 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐢𝐧 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 Kenyan diaspora remittances hit a new monthly record of $437.2 million (Sh56.2 billion) in October 2024, driven primarily by increased flows from regions outside the US and Europe, with daily remittances averaging Sh1.81 billion. The cumulative 10-month remittances reached $4.08 billion (Sh527.92 billion), representing a 17.7% growth from last year's $3.46 billion, with remittances from the rest of the world increasing by 12.6% to $117.88 million, while North America, which accounts for 56.7% of total remittances, grew by 1.9% to $247.9 million. This growth has exceeded the Central Bank of Kenya's projections, which were revised upward three times this year to 16%, underlining the increasing importance of diaspora remittances as Kenya's largest source of foreign cash flows since 2015, surpassing tourism, foreign direct investments, and key agricultural exports. The trend reflects the significant contribution of Kenya's international migrant population, with the US hosting the largest number (157,000) followed by the United Kingdom (139,000), while remittances have averaged $3.56 billion annually over the past five years. #KenyaRemittances #DiasporaImpact #EconomicGrowth #ForeignExchange

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Despite contributing less than 4% of global greenhouse gas emissions, Africa bears the brunt of climate change through extreme weather events, prolonged droughts, and rising sea levels. The continent’s economies—largely dependent on agriculture and natural resources—are particularly vulnerable, with climate-related losses projected to cost African nations up to 15% of their GDP annually by 2030 if no action is taken. African countries argue that developed nations have a moral and historical obligation to finance climate adaptation and mitigation efforts in the Global South. However, delegates at COP29 report feeling marginalized, with key negotiations focusing more on voluntary measures than binding commitments.

## African Delegates Voice Frustration at COP29 Over Stalled Climate Talks

### Fintech Association Of Kenya on LinkedIn

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𝐁𝐞𝐚𝐜𝐨𝐧 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐖𝐚𝐥𝐥𝐞𝐭 𝐟𝐨𝐫 𝐈𝐦𝐦𝐢𝐠𝐫𝐚𝐧𝐭𝐬 𝐌𝐨𝐯𝐢𝐧𝐠 𝐭𝐨 𝐂𝐚𝐧𝐚𝐝𝐚 Beacon, a Canadian fintech startup, has launched an innovative digital wallet and banking service designed to simplify the financial transition process for immigrants moving to Canada. The Beacon Money platform allows users to open an account, fund it and start using it even before they arrive, eliminating common barriers immigrants face when establishing financial services in a new country. Beacon Money will offer a tailored, accessible and convenient solution to its users to transform how immigrants manage their finances. Users can set up an account without visiting a physical branch or providing Canada-specific documents. Once they arrive, they can access various services, including salary disbursement, money transfers, bill payments and a prepaid Visa card for online and offline payments. It also offers users the ability to fund their wallets from anywhere in the world via the Swift network and a specific tool called Beacon Remit for users from India. #BeaconMoney #FintechForImmigrants #DigitalWallet #ImmigrantBanking #CanadaFinance #InclusiveBanking #FintechInnovation #FinancialInclusion

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𝐕𝐨𝐝𝐚𝐜𝐨𝐦 𝐋𝐚𝐮𝐧𝐜𝐡𝐞𝐬 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐤𝐢𝐥𝐥𝐬 𝐇𝐮𝐛 𝐭𝐨 𝐄𝐦𝐩𝐨𝐰𝐞𝐫 𝐀𝐟𝐫𝐢𝐜𝐚’𝐬 𝐃𝐢𝐠𝐢𝐭𝐚𝐥 𝐒𝐤𝐢𝐥𝐥𝐬 Vodacom Group has launched a large-scale digital education initiative to empower one million young Africans across eight countries by 2027. The company has partnered with industry giants, Amazon Web Services (AWS) , Microsoft and Skillsoft to provide comprehensive digital training through its Digital Skills Hub, addressing Africa's projected need for digital expertise in over 230 million jobs by 2030. The initiative, spanning South Africa, Ethiopia, Tanzania, Mozambique, Lesotho, Egypt, the Democratic Republic of Congo and Kenya, seeks to tackle challenges such as unemployment, gender inequality, and limited access to education. Vodacom Group CEO Shameel Joosub emphasizes the program's focus on leveraging technology for inclusive development across the continent. At the same time, Chief Human Resources Officer Matimba Mbungela highlights the initiative's goal of nurturing young talent to advance Africa's digital economy. The Digital Skills Hub offers self-paced training for participants aged 18 to 35, complementing Vodacom's existing e-learning platforms. The initial offerings include AWS Educate, which provides training in cloud fundamentals, artificial intelligence, and machine learning, targeting science, technology, engineering and mathematics skills through practical and engaging content. #VodacomDigitalSkills #YouthEmpowerment #DigitalEducation #STEMSkills #FutureOfWork #TechForGood #SkillsForAfrica #CloudTraining #DigitalTransformation