Tag Archives: M-Pesa

Safaricom and Vodacom want to take over M-Pesa

Vodacom and Safaricom are in negotiation for acquiring the brand M-Pesa, from its parent company, Vodafone. The deal is reportedly worth over $13 million. According to ITWeb, Vodacom group CEO Shameel Joosub confirmed the plans through a joint agreement with Safaricom, has done a deal with Vodafone to “take over M-Pesa completely”. “So, Safaricom and [...]

Safaricom rolls out overdrafts to M-Pesa in Kenya

Safaricom has introduced a new service which will enable users to send money or pay using the mobile money transfer service with insufficient balances following the launch of overdrafts. The company effectively trialled the overdraft service in November last year, leading to the launch to 24.2mn customers. The facility has been called Fuliza or Okoa [...]