Kenya: Finserve to launch a payment platform for African e-commerce and money transfer companies



(Ecofin Agency) – Finserve, a subsidiary of the Kenyan bank branch Equity Group specializing in technology solutions, will launch a new payment platform for companies in the e-commerce and money transaction areas in mainly East and Central Africa.

Jack Ngare (photo), managing director of Finserve, indicates that the Kenyan Fintech is planning to discuss with financial service providers and existing payment platforms to combine the different payment options in this new platform.

Once operational, the platform will initially be available in Kenya, Uganda, Tanzania, Rwanda, the Democratic Republic of Congo and South Sudan and later in other countries such as Nigeria and South Africa.

In addition to this payment platform, Finserve also plans activities in the money transfer sector. It indeed looks at Ethiopia and wants to launch a solution to facilitate the transfer of funds by the Ethiopian diaspora.

Chamberline Moko


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