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Tech Firm Eyes Remittances With Mobile Cash App

A local technology firm is eyeing a share of the international remittances with an application that can be integrated with any mobile money network for direct cash transfers using phones. Information technology firm AVLC Group has developed Instant Matrix, an android-based application, joining a number of companies such as a UK-based Skrills that has partnered […]

Africa’s first Bitcoin transfer service has launched in Kenya, piggybacking on M-Pesa, the country’s highly successful mobile banking platform. The service, called Kipochi, will allow Kenyans to move money abroad while dodging the hefty transaction fees charged by companies like Western Union and MoneyGram. Kipochi — which means purse in Swahili — describes itself as a lightweight, […]

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