Vodacom M-Pesa in Tanzania has announced the expansion of its International Money Transfer service portfolio. “Vodacom M-Pesa Tanzania going global is our way of adding efficiencies to our customers’ remittance ecosystems. Our customers can now send and/or receive money from 200 countries through their M-Pesa account from the comfort of their homes,” announced Hisham Hendi, [...]
Safaricom and Visa have announced a new partnership by developing products to support digital payments for M-PESA customers. The partnership will cover more than 24 million M-PESA customers, over 173,000 Lipa Na M-PESA merchants from Safaricom and 61 million merchant locations throughout Visa’s global network. “We are delighted to partner with Visa in exploring products [...]
Vodacom and Safaricom announce that they have finalized the acquisition of the M-PESA brand, product development and support services from Vodafone through a newly-created joint venture. The transaction, which was first announced in 2019, will accelerate M-PESA’s growth in Africa by giving both Vodacom and Safaricom full control of the M-PESA brand, product development and [...]
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 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 [...]
