m-pesa RSS
M-Pesa: The good and the bad news
The amount of money that Kenyans transact daily through M-Pesa is half of what it cost to construct the Thika Superhighway, latest figures from Safaricom reveal. At Sh15 billion ($149,012,250 million), the sum is equal to the amount that the Treasury allocated for military modernisation last year. In a report the firm shared with the [...]
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Vodacom reviewing poor M-Pesa business
Vodacom South Africa reportedly considering various options for its sluggish mobile money transfer service M-Pesa. In 2010, Vodacom launched M-Pesa in South Africa and the company set a target of reaching 10 million local users. Vodacom then relaunched the service in August 2014 in a bid to spur interest in the product. The M-Pesa relaunch [...]
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Vodafone and TransferTo partner on M-Pesa
TransferTo has partnered under a framework agreement with Vodafone Group to enable real-time international money transfers to M-Pesa Mobile Money accounts worldwide. Powered by TransferTo’s cross-border Mobile Money network, the global partnership will make it faster and easier for consumers and organizations to send money to multiple M-Pesa accounts, in real time. TransferTo’s Mobile Money [...]
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M-Pesa revenues surge
Safaricom has reported a 24% jump in M-Pesa revenues to KES19.4 billion ($190 million) in H1 2015, as its active user base reached 15.7 million. Interestingly, the operator also revealed a breakdown of its monthly mobile money traffic. Of the KES160.2 billion of real-time payments it carries per month, the biggest chunk of KES107.4 billion [...]
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Kenya issues government bond via mobile money solution
In a nod to how developed the Kenyan mobile infrastructure, including mobile payments are, the Government plans to float its first-ever Bond, to be offered exclusively via mobile phone – pointing to the growing relevance of mobile money solutions in the payments space. The solution, known as M-Akiba, will be delivered in partnership with Safaricom’s M-PESA to [...]
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