M-Pesa Africa
Safaricom Hits 30 Million Monthly Active M-PESA Users in Kenya
Image sourced from Business Daily. Telco Safaricom has revealed that its active M-PESA users have surpassed the 30-million mark for its Kenya customers, according to Techweez. Techweez says that this new development follows after the product’s 15th birthday after its launch in May 2007. M-PESA has the most active market accounting for more than 30 million of the service’s 51 million customers across Kenya, Tanzania, the Democratic Republic of Congo, Mozambique, Lesotho, Ghana, and Egypt. “The growth in M-PESA customer usage has been driven by the launch of various innovations over the years including financial services such as M-Shwari, KCB M-PESA, and Fuliza,” Peter Ndegwa, CEO of Safaricom, said. Last year, Safaricom launched the M-Pesa Super app that enables users to request payments, s...
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Vodacom Tanzania and Mdundo Partner to Launch New Premium Music Bundle
From left: DJ Bike, Nguvu Kamando (Head of VAS, Vodacom), DJ Feruuh, Martin Nielsen, DJ Summer, Prisna Nichaulous (Music Manager, Mdundo), Michael Okeje (Head of Growth, Mdundo). Image sourced from TechCabal. Vodacom Tanzania has announced a new partnership with African music distributing and streaming service Mdundo. Together the companies are launching a new music bundle for the telecom’s subscribers. As reported by TechCabal, this new bundle will give Vodacom Tanzania subscribers access to Mdundo’s premium service as well as a bevy of curated mixes from some of Tanzania’s top DJs. “Instead of struggling and moving from one platform to another, we as a digital valuing company, saw the importance of creating one bundle which will include all music genres, that’s why we also decided to par...
New M-PESA Update Allows Users to Send Money to Multiple People
Sourced from Tech Weez. Safaricom has introduced a new M-PESA app feature that allows users to send money to up to five people at the same time. According to Gadgets Africa, a big reason why the telco may have introduced this feature is to make it easier for companies to pay employees via the app. “Most times you’d have to send them their dues one by one which can be tedious. Now this update should help ease that pressure. We’re not sure yet if it lets you select different amounts for different people but if that’s the case it’s even better.” MTN Bids for Ethiopian Telco Licence Alongside Vodacom and Safaricom MTN Group has reportedly made a bid for an Ethiopian telecommunications licence alongside Vodacom Group and Safaricom. Finance ministry adviser, Brook Taye says that the consortium o...
M-Pesa Africa Appoints New Managing Director
Image sourced from Twitter Safaricom’s M-Pesa Africa has appointed Sitoyo Lopokoiyit as its new Managing Director. He is a “mobile financial services expert who has directly managed mobile money in two of the largest markets in the world – Kenya and Tanzania,” reveals MyBroadBand. Lopokoiyit joined Safaricom in 2011 as head of M-Pesa strategy and business development. He then went on to Vodacom Tanzania in 2016 where he worked as the director of m-commerce, before re-joining Safaricom in 2018. Kenyan Senators Call for Safaricom to Split Senators in Kenya believe that Safaricom should split into two firms – Mobile Services and M-PESA. According to The Star, a split would see the mobile telephony service is regulated by the Communication Authority of Kenya (CAK) and the M-Pesa...
