As Kenya's financial services grow, financial literacy is key to fostering responsible borrowing and supporting long-term economic growth. At Oya Micro Credit Kenya's fourth anniversary, CEO Wycklife Ochola emphasized that client education is central to their mission, empowering borrowers to make informed financial choices for sustainable businesses. With mobile banking
Tag: financial inclusion
CBK Eyes Mobile Money Fees in Push for Affordable Digital Finance
The Central Bank of Kenya (CBK) has announced plans to cap the charges on person-to-person mobile money transfers. The decision is likely to shake-up the business model of dominant players like Safaricom’s M-Pesa and Airtel's Airtel Money.At the heart of the move is a concern that Kenyans still use