Its ‘Yellow’ At the 2021 Regional Fintech Summit

The countdown to the fifth #CIOFintechSummit is on and to grace this virtual 2-day event is Telkom Kenya, which has recently confirmed its sponsorship.

The Regional Fintech Summit, traditionally an in-person event, will this year for the first time be held hybrid -both virtually and in-person due to the stringent Covid-19 measures.

Now in its fifth year, East Africa Fintech Summit was birthed from the urge to help the regional finance industry leverage and integrate technology into their daily operations for the growth of the industry and to compete favorably with the rest of the finance space, globally.

This year, the summit will focus on how the Financial Technology landscape has rapidly changed since last year; exploring how the technology leaders from across the sector have handled the immensely challenging times and how different areas of the market have been affected. It will also host discussions on how Fintech has added value economically, especially now with the pandemic or endemic in the picture.

Telkom did in the recent past venture into the fintech space by introducing Tkash money, a new game-changing platform that simplifies making payments, and enables for the access of money on the go.

T-kash offers a wide range of cross functional solutions both for consumer and enterprise markets. It allows for FREE transactions of up to Ksh 100.00 and informs about charges beforehand for transactions beyond Ksh 100.00. It further allows for a maximum value of KSH 150,000 per transaction, a maximum wallet limit of KSH 300,000, and a
maximum daily total transaction value of KSH 300,000.

Mobile money is believed to have revolutionized payments and financial services in Kenya, and by so doing, enhanced financial inclusion. But this revolution, birthed about fifteen years ago, just got better. Today, mobile wallet innovators are redifining consumer behaviour in relation to digital payment solutions.

This rise in mobile money continues to disrupting not only the banking industry but also how cash payments for goods and services are done. It solves the insecurity or theft, inconvenience, and exclusion.

But even with these problems solved, the consumer’s vision of what mobile money ought to do for them to solve bigger payment problems continues to grow bolder and in tandem with their online experiences.

At the virtual summit, Telkom will talk through the overall impact of mobile money on the daily lives of Kenyans and why its overall impact on the country’s economy in overall is still sparse as the Financial Times notes.