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Kenya’s biggest lender bets on digital payments

Bloomberg KCB group Plc, Kenya’s biggest bank by assets, is in talks to form digital payment partnerships to expand revenue streams, Chief Executive Officer Joshua Oigara said. “We have to go beyond lending,” Oigara said in an interview in the capital, Nairobi. KCB is looking for partnerships for its mobile wallet, he said. The Nairobi-based lender is seeking increased revenue ...

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Visa faces US probe over its debit-card routing practices

Bloomberg The US Department of Justice has launched an antitrust investigation into Visa Inc.’s practices regarding debit-card transactions. The department is looking into the network’s rules for routing transactions both in stores and online. “The US Department of Justice has informed Visa of its plans to open an investigation into Visa’s US debit practices” and is cooperating with the department, ...

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Stocks edge down as yields dip

Bloomberg Stocks edged lower with US equity futures on Monday, though technology shares outperformed as Treasury yields retreated from recent highs. The Stoxx 600 Index dropped 0.2%, with tech shares and automakers among the few sectors in the green. Futures on the S&P 500 Index also dipped, while those on the tech-heavy Nasdaq gauge advanced. In Asia, Chinese stocks rallied ...

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