Retail Innovations

The pace of innovation in financial products and services in Kenya is fast. Here you can browse a comprehensive and up to date catalogue of technology-enabled retail financial products in the Kenyan market. 

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Retail innovations
January 2016

Mobile Decisioning (MoDe)

Based in Nairobi, Kenya, MoDe provides instant nano-credit for pre-paid mobile phone users across Africa. The company MoDe gives loans of between $0.06 and $22 to mobile phone users, initially in the form of airtime, but have since moved onto a lot more in terms of facilities or utilities such as electricity bills, water bills and television subscriptions, […]

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Retail innovations
January 2016

Branch

Branch is a for-profit mobile lending platform based in Kenya. Founded by Matt Flannery, Branch operates like a bank in the cloud, accessible through a user’s smartphone. Users simply download the Branch app, register using their Facebook profile and have access to loans of up to Ksh.50,000 at an interest fee averaging 10% charged over the course of […]

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Retail innovations
January 2016

Changa na M-PESA

Changa na M-PESA is a Safaricom service through which subscribers lease a Pay Bill number for a specific period of time for specific purposes such as raising money for medical reasons, education, weddings, funerals, charity etc. It helps users to consolidate collected funds and gives well-wishers an easy time. One can rent a Pay Bill number for any duration ranging […]

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Retail innovations
January 2016

M-PESA Chama Account

This is a service being offered to groups/chamas to allow them to collect funds conveniently and securely. To apply for an M-PESA Chama account, simply walk into any Safaricom shop or Safaricom Care desk countrywide and request for an application form. One can also send an SMS with the word CHAMA to 21366 or email Safaricom on chama@safaricom.co.ke. […]

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Retail innovations
January 2016

NatMobile

This is National Bank of Kenya’s partnership with Airtel Kenya to deliver mobile banking services through the Airtel money service. Through this mobile banking service, Airtel Kenya customers will be able to access their National Bank accounts with minimal charges. The service is accessible by simply dialing *625# on any Airtel Kenya line. Customers can view their accounts, […]

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Retail innovations
January 2016

U-Social

U-Social is an online-based application from UBA Bank that enables its customers to access various services right from their Facebook account. Upon download, the app syncs immediately with the user’s Facebook account. Users accessing U-Social will be presented with four options which are; open account, enrollment, locate services and settings.Services available via the app include: transferring money […]

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Retail innovations
January 2016

Pepea Card

Pepea Card is Kenya Commercial Bank (KCB)”s NFC-enabled card electronic commuter card that is used to pay bus fare and conduct other transactions such as paying fuels, footing hotel bills and making online payments. To use the card, one doesn’t need to have an account with KCB Group and it can be used to make […]

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huduma
Retail innovations
January 2016

Huduma Kenya Smart Card

Once launched, those seeking services from the Huduma Centers will use the smart cards instead of cash to pay for services. This is a service to be launched by the Ministry of Devolution and Planning. The Huduma Kenya Smart Card will reduce the risk of carrying cash, incidences of corruption, pilferage of government funds as well […]

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Retail innovations
December 2015

G-Soko

G-Soko is an online trading platform that connects farmers to markets in Kenya. It is run by the Eastern Africa Grain Council (EAGC). In addition to facilitating trade, G-Soko is expected to improve food trade across borders, and contribute towards more transparent trading by integrating the entire grain value chain from farm to market. Farmers can also use the […]