Today's Headlines
- Lessons and Implications of the Confirmation of Charges Against Kenya's 'Ocampo Four'
- Finance Minister Quits Over ICC Charges
- Shortage of HIV Test Kits Raises Concerns
- Living On the Edge in Turkana Region
- Ali Breaks Silence, Describes Delight At Acquittal
- Uhuru, Ruto Eligible for Presidency - CIC
- Tea Sector Posts Record Earnings in 2011
- Resettle IDPs, Urges Annan
- Uhuru, Muthaura Have Done the Right Thing
- All Displaced People Should Return Home
- Concern Raised As Parents Shun Schools in Poll Violence Hotspots
- Ruling On IEBC Hiring in February
- Country Working Towards Conditions Needed for Direct Flights to U.S.
- How ICC Claimed Kibaki's Lieutenants
- Geothermal Project to Receive Sh10 Billion Funding Boost
- Five Million to Get IDs Before Elections
- Speed Up Building Port
- Uhuru and Muthaura Did Well to Quit Posts
- A Full Plate Awaits Githae
- Clashes Continue in Moyale
- Baraza Case to Be Heard Monday
- Two Firms in Joint Venture to Drill for Oil Near Lodwar
- Exit Uhuru, Muthaura
- ICC Charges Hound Uhuru Out of Treasury
- Consumers Grow Despite Inflation
- Poor Relations Between Banks Blamed for Cash Shortages
- Fish Prices Up As Vegetable Supply Dwindles
- Consumers to Pay More for Milk and Bread As Prices Rise
- Kibaki Tasks Ex-Dar CJ to Lead Probe in Kenya
- Mombasa Port Cargo Congestion Forces Three-Month Fees Waiver
30 August 2010
Nairobi — A new mobile money transfer platform targeting Kenyans in the diaspora has been launched.
The new system involves Heart of the City, a Christian organisation, in partnership with yu.
The payment service dubbed Ushindi Mobile Money runs on the web and WAP through java and GPRS capable phones and is also available as a software download.
The software will come built in with new yu lines and will provide access to cash through Yu-Cash.
"Today marks a new milestone in the information and communication industry; 12 years ago, we began to create a secure platform that would enable Kenyans to access various mobile payments services through the internet. Today we see UMM come to life," said Dr Lukas Njenga, Heart for the City CEO during the launch.
The firm has partnered with local banks, insurance companies and investment banks to enable those in diaspora access their accounts, pay insurance premium and invest without using middlemen.
"This allows Kenyans outside not only to send in money but also get involved in investment and development," he said
Service providers have given a uniform introductory fee of $5 for sending money from the US and 5 pounds for those sending from Britain.
"Local transfers will be free for customers, we are looking to drive revenues through the services to our corporate partners," said Rev Njenga.
