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    Report: Kenyan millennials and Gen Zs want more media coverage on money and empowerment

    Report: Kenyan millennials and Gen Zs want more media coverage on money and empowerment

    Former Head of Public Service Joseph Kinyua takes over as KCB Group Chairman

    Former Head of Public Service Joseph Kinyua takes over as KCB Group Chairman

    Isuzu East Africa launches special edition D-Max in honor of Eliud Kipchoge

    Isuzu East Africa launches special edition D-Max in honor of Eliud Kipchoge

    KCB Group shareholders to pocket KES 3.2 billion final dividend

    KCB Group shareholders to pocket KES 3.2 billion final dividend

    KCB Group PLC reports KES 9.8 billion profit after tax in Q1 2023

    KCB Group PLC reports KES 9.8 billion profit after tax in Q1 2023

    Kenyan students win global tech prize with hearing app

    Kenyan students win global tech prize with hearing app

    OpenAI leaders call for coordination and safety in superintelligence development

    OpenAI leaders call for coordination and safety in superintelligence development

    Google adds 8 new African countries to its Flood Hub platform

    Google adds 8 new African countries to its Flood Hub platform

    Safaricom to carry out system maintenance for 5 hours on Saturday night

    Safaricom to carry out system maintenance for 5 hours on Saturday night

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    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Complete list of Macs that will run macOS Ventura

    Complete list of Macs that will run macOS Ventura

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

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    Laptop buying mistakes you should avoid

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    Lenovo X1 Carbon 5th Generation Review: just good enough

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    Google unveils new Pixel devices with foldable phone and tablet

    Google unveils new Pixel devices with foldable phone and tablet

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Samsung launches affordable Galaxy A-series in Kenya with flexible payment options

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    Xiaomi launches Redmi Note 12 Series in Kenya, starts at KES 21,999

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    TECNO announces pre-orders for its first foldable smartphone in Kenya

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Oppo Reno 8T 5G launched in Kenya for KES 49,999

    Samsung’s Galaxy S23 Unpacked event: All you need to know

    Samsung’s Galaxy S23 Unpacked event: All you need to know

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

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    Safaricom slashes prices of 4G Wi-Fi routers by 40%

    How to apply for the new generation number plates in Kenya

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MPesa listed among the Top 100 Cross-Border Payment Companies in 2022

Brian Murimi by Brian Murimi
March 31, 2022
in News
Reading Time: 2 mins read
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MPesa listed among the Top 100 Cross-Border Payment Companies in 2022
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FXC Intelligence, a leading specialist source of global payments data, has included MPesa in its annual Top 100 Cross-Border Payments Companies list.

FXC Intelligence is a financial data firm that follows over 15,000 companies in the cross-border payments industry. It specializes in international payments, cards, and ecommerce, with a focus on price data. The 100 firms that have championed innovation in global payments and are best positioned to lead the next era of payments excellence are recognized and celebrated in the 2022 Cross-Border Payments 100 list.

“Founded by Vodafone and Safaricom (a leading telecoms provider in Kenya) M-PESA is a mobile phone-based money transfer service. It enables cross-border payments for more than 51 million customers across seven countries in Africa with secure international transfers via their mobile phones. More than $314bn in transactions is sent annually with Kenya and Tanzania its two biggest markets.” wrote FXC Intelligence.

KEEPREADING

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In the mobile category, MPesa was named alongside Airtel, Orange and IDT.

Recently, MPesa’s Super App took first place in the category of “Best Mobile Innovation for Connected Living,” beating out nominations from all over the world at Mobile World Congress in Barcelona.

To make the FXC Intelligence list; companies have to meet the following criteria;

To make our list, companies have to fulfill the following criteria:

Be of a certain scale. This is not a startup or VC list (there are lots of those). This is also not a challengers list (we have one of those too).

Companies don’t have to have raised outside funds, but they must have an established customer base.

Cross-border payments must either be the primary activity (many payment companies) or a substantial revenue line (certain banks, payment processors or card companies). With subsidiaries, we include them in the parent company, rather than listing them separately.

The list features companies across money transfers, payments processing, ecommerce, B2B and beyond. It separates the top 100 players into seven groups: VC/growth equity-backed, independently owned, banks, private equity-backed, mobile, crypto and public companies.

Other notable companies in the list include; Flutterwave, Chipper Cash, Stripe among others. The full list is available here.

Tags: MpesaSafricom
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Brian Murimi

Brian Murimi

Brian is the founding geek at the Netick. A tech enthusiast skilled in journalism, media relations, multi-platform broadcasting, and social media. Write to him via bryanmurimi@gmail.com

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