Bank of Africa, Safaricom roll out M-Chama mobile banking

"The Bank of Africa (BOA) Kenya, in partnership with Safaricom, has rolled out a mobile banking service for investment groups, allowing members to use their mobile devices to carry out money transactions. The new product by the bank is dubbed M-Chama and will seek to take advantage of the wide reach mobile phones have in the country to improve access to financial services for savings groups." Continue Reading