MPesa, the mobile money service, has been an African product for 13 years. But it has not necessarily been run under African management. That is set to change. This week, Safaricom and Vodacom acquired the intellectual property rights to the MPesa brand from Vodafone. Through a joint venture deal, both companies now have “full control […]
Africa added 50 million new mobile money accounts in 2019 as the number of registered accounts globally surpassed the 1 billion mark for the first time. East Africa, home to Safaricom’s MPesa, remains number 1 in the world in terms of transaction volume and value, according to the GSMA State of the Industry Report on […]
For the next 90 days, person-to person mobile money transactions below Ksh. 1,000 ($9.67) on MPesa, the mobile money service owned by Safaricom, will incur no costs to Kenyan customers. It is Safaricom’s response to a demand by the Kenyan government for companies to incentivise online transfers in the wake of COVID-19, the novel coronavirus […]
This is an edited version of the TechCabal daily digest for September 18, 2017. Subscribe to get it in your mailbox every day around 7am (WAT).
This is an edited version of the TechCabal daily digest for September 4, 2017. Subscribe here, to get it in your mailbox every day around 7am (WAT).
iHub’s CEO, Kamal Bhattacharya, is leaving to head Safaricom’s Innovation Hub.