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M-PESA and Onafriq partner to facilitate Ethiopian remittances

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M-PESA Safaricom has entered into an International Money Transfer Agreement with Onafriq, Africa’s largest digital payments network spanning 40 countries, aimed at streamlining remittance flows...

Safaricom gains green light for KSh. 250,000 transaction limit boost on...

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Safaricom has today increased M-PESA transactions limit to KSh. 250,000 for each transaction. The move will see the addition of a new transaction band of KSh....

M-Pesa launched in Ethiopia

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Safaricom’s M-Pesa mobile money service went live in Ethiopia on Wednesday, in a boost to the Kenyan telecommunications operator as it seeks to kick-start growth...

Vodafone to sell M-Pesa Holdings to Safaricom for $1

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Vodafone has announced that it would sell M-Pesa Holding Company Limited (MPHCL), the company that manages all M-Pesa deposits, to Safaricom for $1. Per its...

M-Pesa partners Amazon to expand remittance services

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Kenyan mobile money service, M-PESA has entered a strategic partnership with global e-Commerce company, Amazon, which will see M-PESA provide global remittance services. The United...

Safaricom sued for $2.4 billion over profits from M-Pesa loans

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Three persons have indicted Safaricom and Vodafone in a lawsuit which claims that Safaricom is operating its M-Pesa arm and Fuliza, its overdraft service,...

Ethiopia sets Mobile Money licensing fee at US$150 million

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The National Bank of Ethiopia (NBE) has proposed $150 million as the licence fee for all mobile money operators who want to set up shop...

Safaricom shares surges after securing mobile money license in Ethiopia

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Shares of Kenyan telecommunications operator Safaricom surged more than 9% on Friday after it secured a mobile financial services licence in Ethiopia. Ethiopia’s finance minister,...

M-Pesa separating from Safaricom

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The maiden mobile money platform in the world, M-Pesa is splitting from its mother telecom company, Safaricom. The two will become separate entities by January...

M-Pesa accounts for 50% of Safaricom’s $900 million profit

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Safaricom’s latest annual report shows that M-Pesa accounted for half of the company's profit before tax, outperforming voice and data. Per the report, M-Pesa generated...
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