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This is the Central Bank of Kenya's list of Licensed Microfinance Banks, updated in August 2024. [3]Caritas Microfinance Bank Ltd; Branch Microfinance Bank Ltd
Electronic bill payment is a feature of online, mobile and telephone banking, similar in its effect to a giro, allowing a customer of a financial institution to transfer money from their transaction or credit card account to a creditor or vendor such as a public utility, department store or an individual to be credited against a specific account.
Nearly half of the bills paid in the US during 2013 were done via electronic bill payment. [4] Also, during 2014, nearly 48% of all online shopping in North America were made with a credit card. Globally, online payments are expected to exceed 3 trillion Euros (approx. US$3.2 trillion) in the next 5 years. [5]
Online bill pay is an electronic payment service offered by many banks, credit unions and bill-pay services. It allows consumers to make various types of payments through a website or app, such as ...
The bank is licensed as a commercial bank by the Central Bank of Kenya, which is the national banking regulator of Kenya. [4] In 2010 the bank introduced the Agency banking model, [5] which has proved a success [6] [clarification needed] and is regulated by Central Bank of Kenya Prudential guidelines. [7]
Website of Communications Authority of Kenya; MTN takes a firm grip on Kenya online business space; Telcos market shift as Airtel gains voice traffic, Safaricom drops As of 12 April 2018. Safaricom’s dominance under threat from rivals As of 11 September 2018.
It is licensed by the Central Bank of Kenya, the central bank and national banking regulator. [2] The bank is a small retail bank, that focuses on meeting the needs of large corporations and high-net-worth individuals. As of December 2013, the bank was ranked number 41, by assets, out of a total of 43 commercial banks in Kenya.
Diamond Trust Bank Kenya Limited is a large financial services provider in Kenya, with total assets valued at KSh399,615,631,000/- (approx. US$3,127,788,413) as at 31 December 2023. At that time, shareholders' equity was valued at KSh56,692,780,000/- (approx. US$443,733,945).