NCBA Bank and CFAO Mobility Kenya's Loxea have partnered to finance BYD electric vehicles in Kenya, commencing with the introduction of the BYD Shark 6, the nation's inaugural plug-in hybrid pickup.

• Customers can finance up to 90% of the vehicle's value with repayment terms of up to five years.
• The BYD Shark 6, priced at a special launch rate of KSh 10.7 million for the first five customers, offers a range of up to 650km and consumes as little as 2.0 litres per 100km when fully charged.
• This collaboration aligns with NCBA's #ChangeTheStory initiative, which includes a pledge to mobilize KSh 30 billion for green financing and plant 10 million trees by 2030.

Verto, a global fintech company, has launched a new hub in Nairobi as part of its strategy to strengthen cross-border payments and simplify international trade for businesses in East Africa.

• The new hub is located at The Address on Muthangari Drive and will serve as Verto’s central operational point for the region.
• Verto’s platform supports a global network spanning more than 170 countries and 49 currencies.
• Ola Oyetayo, Chief Executive Officer and Co-founder of Verto, highlighted Kenya’s digital infrastructure and entrepreneurial culture as key reasons for choosing Nairobi.
• The Nairobi hub will host teams for operations, compliance, customer support, and partner engagement, aiming to provide faster and more inclusive solutions.

In a significant move to enhance business transactions in Kenya, Tende Pay has partnered with PesaLink to integrate instant payment capabilities into its spend management platform. This collaboration enables businesses to conduct 24/7 instant payments of up to KSh 999,999 across all Kenyan banks, addressing long-standing issues of speed and convenience for businesses.

• Businesses can send both single and bulk payments of up to KSh 999,999 instantly, 24/7, to any bank in Kenya.
• Gituku Kirika, CEO of IPSL (PesaLink), emphasized that the partnership ushers in a new era of “always on, always secure” enterprise payments through collaboration and interoperability.
• Abel Masai, CEO of TendePay, stated that the partnership reflects Tende Pay's evolution into a comprehensive spend management platform, driven by customer demand for faster and more reliable money transfers.