Bitpesa news

BitPesa is a digital payment platform that enables individuals and businesses to send and receive cross-border payments quickly, securely, and at a lower cost. Here are some recent news and updates about BitPesa:

Recent News:

  1. BitPesa Raises $10 Million in Series A Funding: In October 2020, BitPesa announced that it had raised $10 million in Series A funding from investors, including the International Finance Corporation (IFC), a member of the World Bank Group.
  2. Expansion into New Markets: BitPesa has been expanding its services to new markets, including the United States, Canada, and the European Union. The company has also launched its services in several African countries, including Nigeria, Kenya, and Ghana.
  3. Partnership with Mastercard: In August 2020, BitPesa announced a partnership with Mastercard to enable its customers to make cross-border payments using Mastercard's network.
  4. Launch of BitPesa Pay: In June 2020, BitPesa launched BitPesa Pay, a digital payment solution that enables individuals and businesses to make and receive payments online.
  5. Awards and Recognition: BitPesa has received several awards and recognition for its innovative payment solutions, including the "Best Cross-Border Payment Solution" award at the 2020 Fintech Awards.

Recent Updates:

  1. Improved User Interface: BitPesa has updated its user interface to make it easier for customers to navigate and use its services.
  2. New Currency Pairs: BitPesa has added new currency pairs to its platform, including USD/KES (US Dollar/Kenyan Shilling) and EUR/NGN (Euro/Nigerian Naira).
  3. Enhanced Security Measures: BitPesa has implemented enhanced security measures to protect its customers' transactions and personal data.
  4. Increased Transaction Limits: BitPesa has increased its transaction limits to enable customers to make larger transactions.
  5. Customer Support: BitPesa has expanded its customer support team to provide 24/7 support to its customers.

Industry Insights:

  1. Cross-Border Payments: The cross-border payment market is growing rapidly, driven by the increasing demand for digital payment solutions.
  2. Fintech Innovation: Fintech companies like BitPesa are driving innovation in the payment industry, offering faster, cheaper, and more secure payment solutions.
  3. African Fintech: The African fintech industry is growing rapidly, with companies like BitPesa leading the way in providing innovative payment solutions to the continent.

I hope this information is helpful!