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The Evolution of Mobile Banking in Kenya

“In Kenya, M-PESA, the mobile money transfer service established in 2007 by Safaricom, is regarded as the first truly successful mobile money service in the world. M-PESA is accredited with introducing financial services to low-income and unemployed persons across the country, unlocking economic opportunities for millions. However, before M-PESA, the Kenyan banking and finance sector […]
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Vodafone CEO Hints at Spin-off of Mobile Money Platform M-Pesa

“Vodafone Group hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the pandemic. The platform offers peer-to-peer transactions in countries including Kenya, Tanzania, Mozambique, Lesotho. It is now pushing into new financial services like small loans, payroll and savings. Vodafone CEO Nick Read said it’s logical to keep […]
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Providers

MFS AFrica Moves Into Sierra Leone

“MFS Africa today announces that it has made its entry into Sierra Leone, partnering with Afrimoney, pan-African telecommunications leader Africell’s mobile money service, to enable mobile money users in the country to receive payments from abroad smoothly and affordably…With this partnership in place, mobile transfer operator customers that are connected to the MFS Africa hub […]
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