The future of agency banking in Kenya
Agency banking has become essential in countries where banks cannot reach or establish a traditional branch. It is transforming the accessibility to financial services by bridging the gap between traditional banking and underserved populations. It…
How do exchange rates work and how do you choose the right rate providers?
Many businesses like yours are offering international remittance services in the market. But, to stand out, you need to offer more than just an international remittance service, you need to offer advanced features that can make cross border payments…
(NFC To Pay) NFC and Contactless Payments: A Complete Guide
99% of smartphones will be capable of making contactless payments globally by 2027. It means contactless payments are showing a tremendous increase. And NFC payments among them have gained next-level popularity. Customers love to make payments…
QR code payments: What are they, their types, how they work, benefits, and how to accept them
The QR code was first invented in 1994 by the Japanese automobile, Denso Wave, led by Masahiro Hara. It was invented with the sole purpose of tracking vehicles in the manufacturing process. It wasn’t expected that it could be used outside the…
Omnichannel banking: What it is, why it is needed, and how it can be achieved
Nearly 98% of the banks prioritized customer experience at their organization! Why? The reason is simple! Customer preferences and demands evolve with technological advancements. So, if you don’t offer everything that customers need from your bank,…
What is a prepaid card management system & software? A guide for financial institutions
Looking to offer a seamless, secure, and flexible payment option for your customers? A prepaid card management system may be just the solution. For businesses like yours, these systems streamline prepaid card issuance, management, and transaction…
Face recognition in eKYC identity verification
Identity verification is crucial, especially in the financial sector. And the traditional KYC processes for identity verification are often slow, manual, and prone to errors. That’s where eKYC comes into the picture. eKYC, with its advanced features…
Understanding currency corridors: the invisible pathways of money transfer
International remittances are becoming a must in the world of globalization. Transaction values for international remittances grew to almost $29 billion in 2023. This stat proves the above statement. Adding to it, currency corridors are the pathway…
How branchless banking is facilitating financial inclusion?
Branchless banking—or “agency banking,” as it’s often called—is a game-changer for financial inclusion. Imagine accessing your bank account, withdrawing cash, or making payments without ever setting foot in a physical bank branch. This is the vision…