What can Telcos learn from Digital Lenders?
On Tuesday 28th July, Safaricom (the largest mobile provider in Eastern and Central Africa), launched a new service offering consumers the opportunity to buy a 4G-enabled smartphone for as little as 600 KSH (6 USD) per month for nine months, with an initial deposit of 1,000 KSH (10 USD). This is a high-impact initiative for the country, where the average monthly disposable income is just 8,500 KSH (85 USD) according to a 2019 report from the Kenyan National Bureau of Statistics.
Business Daily: Creditinfo – the "best man" at banking and fintech marriage
“Discussions about fintech taking over banking are becoming last year’s debate; the situation is now more nuanced. Some of the largest investors in fintech now are banks, and we are staring to see mainstream leaders acquire, adopt or develop some of the new technologies. ”
Article by Paul Randall, Executive Director at Creditinfo Decision Analytics; Steven Kunyiha, CEO of Creditinfo Kenya and Alexandra Aproyants, Senior Consultant at Creditinfo Decision Analytics.
Read more here.
Interest Rate Capping, Market Killer or Innovation Catalyst?
The Central Bank of Kenya (CBK) is set to conclude a study on the law capping interest rates and its impact on the economy, CBK Chairman Mr. Mohamed Nyaoga announced on Tuesday, April 25th. On the same day, Creditinfo Kenya and Creditinfo Academy organised an exclusive meeting for professionals from the financial sector to acquire inspirational observations and insights on the current situation in the Kenyan credit risk management market and acquaint themselves with solutions to the challenges faced by the need to reduce losses and improve productivity.
