fintech - Sacco Review|The Leading Newspaper for Co-operative Movement in Kenya

How Fintech is revolutionizing the Sacco movement in Kenya

Sacco Review5 months ago5 months ago05 mins

According to a report submitted by Accenture to the Financial Sector Deepening (FSD) Kenya, Saccos are one of the leading sources of finance, and in many rural areas, local Saccos are the only provider of financial services. Fintechs are becoming invaluable partners for Saccos in Kenya who provide innovative digital solutions to streamline their operations…

More Saccos dropping banking agencies, opt for mobile banking

Sacco Review6 months ago6 months ago04 mins

Technological advancement is fast-shaping operations and performance in the Sacco and wider financial and banking sector, lessening inconveniences and the high cost of opening and running physical branches. A spot check by Sacco Review has established that more Saccos prefer mobile banking to agency banking due to convenience for members and more profit to the…