Tag: M-Pesa
Safaricom secures insurance licence after a four-year wait
Kenya’s largest telecom provider, Safaricom, has secured an insurance intermediary license from the Insurance Regulatory Authority (IRA), a move that will enable it to...
M-PESA and Onafriq partner to facilitate Ethiopian remittances
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...
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
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
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
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
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
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
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
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...