Safaricom takes M-Pesa Global Through A New partnership with Western Union

Safaricom has entered into a partnership with Western Union to launch M-PESA Global, a new service will allow anyone from virtually anywhere in the world to send money to any M-PESA customer in Kenya. In a first of its kind, all M-PESA customers can now send money to almost any individual across the world through […]

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Cross-network money transfer between Safaricom and Telkom goes live

Cross-network mobile money transfer between Safaricom and Telkom went live in Kenya on Thursday.  This came as the country’s main telcos come together to roll out mobile money transfer interoperability that commenced in March this year. Yesterday, the operators announced that the service will finally go live for Safaricom and Telkom subscribers adding that mobile […]

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M-Pesa puts Safaricom on Fortune Magazine’s 2018 Change the World List of Companies

Safaricom has been recognized in Fortune Magazine’s 2018 Change the World List of Companies for its efforts in tackling society challenges using M-Pesa. According to the magazine, Safaricom — with an estimated market value of $11,339 million (Sh1.13 trillion) — has used its M-PESA platform to impact millions of people’s lives. “It is indeed a […]

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mSurvey, Safaricom partner to enable merchants collect customer feedback via Lipa Na M-Pesa

Kenyan SaaS Mobile Consumer Feedback Company mSurvey has announced a new partnership with Safaricom’s M-Pesa. The partnership, announced today, will enable merchants across the country to access customer feedback via Lipa Na M-Pesa through mSurvey’s platform. The company says merchants using this service will be able to obtain actionable customer insights to inform their strategy […]

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PayPal is Blocking M-Pesa Linked Accounts Over Fraud

In April this year, Safaricom announced a new partnership with the online payment service and TransferTo to allow M-Pesa customers to send money or make purchases online via PayPal. I was one of the people who were so happy with this move. Previously, the withdrawals could only be made via Equity Bank which acted as […]

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Sh.960 Billion Transacted Through Mobile Money In The First Quarter Of 2018

Kenyans transacted over Sh 960 billion through mobile money in the first three months of this of this year. According to data from the Central Bank of Kenya, a total of Sh 322 .9 billion was transacted via mobile money in the month of January, Sh 300.8 billion in February and Sh 337.1 billion in […]

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Here are the new M-Pesa transaction charges effective July 1st 2018

You will now have to dig deeper into your pockets starting today, July 1 when sending money via M-Pesa. Safaricom has announced new charges for the money transfer service, of course, this comes after Treasury CS Henry Rotich during his budget reading announced that customers would now be charged 12 percent up from 10 percent of […]

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Alipay and WeChat Pay expanding to Kenya. What does this mean for M-Pesa?

China’s biggest Internet-based mobile messaging platform, WeChat has been planning to go international for a long time now. In fact, in 2013 it launched its operations in South Africa and later on in Nigeria. Reports had indicated that its next target market would be Kenya as is usually the case with most companies that come […]

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Guest Post: Kenya’s paradigm shift in technology

By James Ngige (@Jaykulll), Nairobi Technology has become part and parcel of culture, well, every culture, but Kenya however, is changing the culture of technology. Kenya has emerged as a technology power hub to reckon with- so much that today no multinational story is complete without the Kenyan angle. This revolution is as a result […]

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Kenyans abroad are the biggest senders of mobile to mobile remittances

Kenyans in the diaspora are the biggest senders of digital remittances to mobile accounts. This is according to new data released by WorldRemit to mark the 10th anniversary of ground-breaking mobile money service M-PESA. The data shows that transfers to mobile money accounts make up 93% of WorldRemit transactions to Kenya now – showing that […]

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Why Wechat is a threat to Safaricom’s M-Pesa.

A few days ago I visited Chinese internet finance museum for a blockchain event organized by okcoin, one of Bitcoin’s large players. The 3 giants in Chinese internet: Baidu, Alibaba and Tencent occupied the most entries with their products and their subsidiaries numbering around 20 companies for each(photo below). The event area was in a […]

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NetGuardians Africa nominated for the 2016 African FinTech Awards.

NetGuardians has been nominated for the 2016 Africa FinTech Awards. The innovative Swiss Fintech company which was  inaugurated in Nairobi, Kenya in 2016 to curb fraud and cybercrime in Africa will compete with other 100 top African FinTech companies including Safaricom’s M-Pesa to win the award. The company’s solutions are designed on the recognition that human […]

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KBA launches new firm to contend with M-PESA on mobile money dominance

The Kenya Bankers Association (KBA) has unveiled Integrated Payments Service Limited (IPSL) that will see them compete with Safaricom’s mobile money transfer service M-Pesa. IPSL is a fully-fledged payments technology delivery service firm and is part of a strategic effort to boost the banking sector’s interoperability and efficiency through affordable technology-based solutions. The company will […]

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Vodacom discontinues M-Pesa in South Africa

Vodacom is set to discontinue its M-Pesa operations in South Africa with effect from 30 June 2016. Speaking about the decision, Shameel Joosub, Vodacom Chief Executive Officer, said that Vodacom’s decision was based on the fact that the business sustainability of M-Pesa was predicated on achieving a critical mass of users. But based on Vodacom’s […]

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M-Pesa Records 27.1 pc Global Growth to Million 25 Active Users

25 million active users are now on Vodafone M-Pesa, the company has announced, marking another accelerated growth for the innovative mobile money transfer service. The company says across markets in Africa, Asia and Europe, active customers of M-Pesa increased by 27.1% to 25.3 million in the year ended 31 March 2016. This increase they say […]

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M-Pesa Customers to access their monthly statements via email

Safaricom has announced a new service that allow M-PESA customers to access monthly statements free of charge via email. The service is one of the enhancements made possible to the system following the relocation of the M-PESA servers from Germany to Kenya, which took place last year in April. “Every month an average of 30,000 […]

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Safaricom Extends M-Pesa Services to Uganda

M-PESA users will now be able to send money to Uganda following a partnership between Safaricom and the neighbouring country’s leading operator MTN. Safaricom’s Director of Financial Services Betty Mwangi said that the move is in a bid to enable individual and business customers enjoy convenient, affordable and reliable mobile money services across the borders. […]

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Airtel renews M-Pesa agents battle with Safaricom

Airtel Kenya has renewed its battle with Safaricom over the sharing of mobile money agents. Airtel, through its lawyers Mukite Musangi Advocates, has written to Safaricom accusing it of coercing its mobile money transfer agents to remove Airtel branding from their shops and stop offering Airtel Money services failure to which they would have their […]

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M-Pesa to now indicate recipients’ last name to stop worrying transactions

M-pesa will now indicate recipients last name to stop its users over worrying transactions this is after Safaricom  introduced a new enhancement to M-PESA that will enable customers confirm the name of the intended recipient of funds, before completing an M-PESA transaction. ‘Hakikisha’ which has been under pilot for the last one month will be rolled out […]

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Safaricom opens up M-Pesa platform for Developers

  Safaricom has opened up its M-PESA platform to allow local and international developers to come up with next-generation applications that will work with the most preferred mobile money solution. By availing M-PESA’s Application Programming Interface (API), Safaricom is fulfilling a promise made during the commissioning of the new M-PESA technological platform in April this […]

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This is what happens to money in your M-Pesa Account when you pass on

So many questions have always been asked on what happens to the money in an M-Pesa account if the account holder passes on Safaricom has now come out clear on what happens to this money. In a blog post posted on its official blog, the mobile operator says funds from a deceased M-Pesa account will […]

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How can Africa’s financial services industry become more mobile?

The mobile has proven itself as a major disruptive power within Africa’s financial services industry. Around a billion African consumer are expected to be using mobile banking by 2017 – yet in today’s market, the majority of mobile commerce occurs via platforms owned not by banks, but telecommunications providers. These platforms have become increasingly sophisticated […]

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Vodafone launches M-Pesa payments between Tanzania and Kenya

Vodafone has launched Mpesa transfer services between Tanzania and Kenya. A service which it says will see M-Pesa customers from East Africa’s two biggest economies can now use their mobile phones for simple, safe and secure money transfers between countries via an established, combined network of 180,000 agents. With this lauch, M-Pesa customers from the […]

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Safaricom aims at e-payment billions with M-Pesa cards

Safaricom plans to introduce M-Pesa payment cards that will be used for settling government services and taxes, in yet another move that puts the telco in a head-to-head competition with commercial banks. The M-Pesa debit cards and point of sale (POS) terminals will enable customers to pay for government services, which the State has committed […]

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Gemalto prepaid EMV banking cards extend reach of Vodacom m-pesa mobile wallet in South Africa

 Gemalto, the world leader in digital security, announces the deployment of prepaid EMV banking cards to complement Vodacom’s m-pesa mobile wallet service in South Africa. The card is certified by the major international payment schemes and accepted at any of the 240,000 EMV-compliant payment terminals and over 27,000 ATMs throughout the country, which will significantly […]

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Safaricom’s Lipa Na M-Pesa ranked top In Cashless Transactions

With less than a year after it was introduced, Safaricom’s Lipa Na M-PESA has been ranked as the most preferred method of making payments without money among customers in Kenya.   This is according to a study done by McKinsey, a global management consulting firm. The study found out that nine out of ten payments […]

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Vodacom customers to make cash withdrawals on Umoja Switch ATMs using M-Pesa

  Vodacom Tanzania customers can now withdraw cash from Umoja Switch ATMs using Vodacom’s M-Pesa service. Speaking in Dar es Salaam today when announcing the new development, Vodacom Tanzania Head of Product Development and Marketing, Isack Nchunda, noted that customers can now make use of Umoja Switch ATMs from any part of the country. “M-Pesa […]

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