The TECH25 Roundup (Mar. 7 – Mar. 20)
Every fortnight we compile a list of important news updates and events covering the African FINTECH, MFGTECH, CLNTECH, and AGRTECH sectors
Why developing Fintech code of conduct is a good thing, via Daily Monitor.
The Financial Technology Servive Providers Association (FITSPA) has partnered with Financial Sector Deepening Uganda (FSDU) to develop an industry code of conduct for all service providers of fintech in Uganda.
Airtel Uganda Scraps Mobile Money charges in response to COVID-19, SoftPower News.
In supporting efforts to control the spread of corona virus, Airtel Uganda has scrapped charges on mobile money transactions. This is a bid to making transactions convenient in this isolation period.
Covid-19: Cashless transactions? No! Matatu’s fight system in Kenya, via The Star.
The Kenyan President highlighted some measures that will be put by Kenyans to curb the spread of coronavirus where among the measures was the use of cashless payment system in the matatus, markets and other transactions.
MTN in Rwanda waives Mobile Money fees after Rwanda Outbreak, via CAJ News Africa.
Customers will now get a 90 days free charge in mobile money transactions so as to reduce the risk of transmission of coronavirus through the handling of physical cash in stores, markets and pharmacies among other facilities.
Kenya Central bank (KCB) sets aside Sh30bn for mobile money loans over coronavirus crisis, via Business Daily.
An amount set aside will be available through its mobile lending platfrom KCB M-Pesa which is operated in partnership with Safaricom. This will last for 90 days to any M-Pesa registered subscribers.
Kenya turns to M-Pesa mobile-money to stem the spread of COVID-19, via The Payers.
Safaricom has announced implementing a fee-waiver on East Africa’s mobile money product M-Pesa, aim being to reduce physical exchange of currency in response to COVID-19.