Equity Bank has launched a new feature called Secure Float Purchase, aimed at enhancing transaction controls for customers buying float through approved agents. This feature introduces a verification framework that requires customers to pre-authorize trusted agents before transactions can occur. The initiative is a response to increasing risks of mobile money fraud, according to TechTrends KE.

Visa is enhancing its digital payments ecosystem by introducing new features for Visa Accept and Visa Direct, which allow small businesses to use smartphones for receiving payments and sending real-time payouts without the need for additional payment hardware. These updates are specifically designed to support micro, small, and medium-sized businesses in emerging markets, according to TechTrends KE.

Kenya has solidified its status as a leading digital financial market, bolstered by widespread mobile money adoption and a growing cashless payment ecosystem. The mobile merchant payments sector has seen consistent growth, primarily fueled by Safaricom's Lipa na M-Pesa platform, which has significantly enhanced mobile retail transaction volumes.

On June 24, the National Computer and Cybercrime Coordination Committee in Kenya announced plans to collaborate more closely with banks and mobile network operators to enhance the recovery of mistakenly sent mobile money transfers. This initiative aims to address a rise in cybercrime cases in the country, as highlighted in a recent cybercrime status report.

Kenya's mobile money sector experienced significant growth in the third quarter of the 2025/26 financial year, with subscriptions increasing from 51.4 million to 53.4 million between January and March 2026, according to the Communications Authority of Kenya. This represents a quarterly growth rate of 3.9%, amounting to approximately two million new subscriptions.

Co-op Bank is preparing to launch Visa Accept in Kenya, which will enable traders to convert their mobile phones into card terminals. This initiative is expected to facilitate card payments among traders, but it will not replace the existing M-Pesa mobile payment system.