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Safaricom of Kenya and Vodacom of South Africa say that they have completed the acquisition of mobile money platform M-Pesa from Vodafone. “The transaction… will accelerate M-Pesa’s growth in Africa... more

The post Vodafone finalise sale of M-Pesa to Safaricom and Vodacom appeared first on Payments Cards & Mobile.

Safaricom has introduced new charges for the transfer of funds from customers’ bank accounts to third-party M-Pesa wallets – sealing a loophole that lenders have been using to by-pass Safaricom when sending money. The telco said the Central Bank of Kenya (CBK) had approved the charges, effective on December 1. The announcement comes against the backdrop of a social [...]

The post Safaricom closes loophole in M-Pesa appeared first on Payments Cards & Mobile.