TagSafaricom

Why Kenya’s Bitcoin Embrace Is Mostly A Mirage

Kenya

The hype in the Western media about Kenya being a pioneering laboratory for bitcoin is largely a mirage, according to a Motherboard reporter who recently visited the country in hopes of documenting bitcoin’s success there. Accompanying the reporter was Kenyan writer Daniel Nairo, who offered his insights on bitcoin’s hype versus its reality in his country. Upon visiting Bejo’s Bar and Grill in...

Telecom/BitPesa Legal Tangle Over AML Threatens Mobile Payments In Kenya

As mobile payments and cryptocurrency have made strides providing an alternative to traditional banking in Kenya, legal conflicts have emerged among mobile currency providers and Safaricom, the nation’s dominant telecom service. Kenyan legal authorities may need to clarify how anti-money laundering/know your customer (AML/KYC) and other regulations will be enforced and who will enforce them...

’60 Minutes’ Highlights How Mobile Payment Service M-Pesa Has Changed Life In Kenya

Kenya

Regular followers of mobile payment technology know that Kenya stands as one of the most successful mobile payment stories, thanks to the widespread use of the M-Pesa mobile payment service in that country. Kenya’s success in this area jumped onto the global spotlight this week thanks to a report on CBS-TV’s “60 Minutes.” Whether or not the "60 Minutes" segment, which gave an overview of how...

Safaricom Releases the MPESA API - Possibilities for Bitcoin?

After a lot of pressure from the developer community, Safaricom has announced it will be releasing the MPESA API. The MPESA API platform comes as a result of a recent upgrade that Safaricom conducted on its MPESA platform. The old system, which the company described as G1, could only handle payments through what is known as Instant Payment Notification or IPN. To enable IPN the system had to...

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