A company called i360 Microsystems and Commercial Bank of Africa have joined together to create the first online payment gateway in Kenya. The transactional logic of the system will be powered by Safaricom’s M-Pesa while the settlement will be handled by Commercial Bank of Africa.
The inability of government to keep up with e-commerce legislation and a narrow bandwidth to the internet backbone has been a huge impediment in getting Kenya fully engaged with the opportunities of the internet.
Filed under: Business News | Tagged: e-commerce in kenya, ecommerce in kenya
