PYMNTS-MonitorEdge-May-2024

M-Pesa

Mastercard and Safaricom Team on Cross-Border Payments in Kenya
Mastercard and Safaricom Team on Cross-Border Payments in Kenya
September 19, 2024  |  Partnerships

Mastercard has launched a partnership with East African telecom Safaricom. The collaboration, announced in a news release Thursday (Sept. 19), is designed to boost the...

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M-Pesa/Microsoft Pact Underscores Tech’s Role in Small Business Financial Inclusion  
M-Pesa/Microsoft Pact Underscores Tech’s Role in Small Business Financial Inclusion  
January 16, 2024  |  Financial Inclusion

The recent announcement of joint efforts by Microsoft to build new financial services for businesses hints at a multipronged effort to boost financial inclusion …...

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Microsoft/Vodafone $1.5 Billion Deal Will Help Expand M-Pesa
Microsoft/Vodafone $1.5 Billion Deal Will Help Expand M-Pesa
January 16, 2024  |  Partnerships

Microsoft and Vodafone have launched a $1.5 billion payments and AI-focused collaboration. The partnership will see the companies employ Microsoft’s generative artificial intelligence (AI) to...

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Safaricom Launches M-Pesa Mobile Money Service in Ethiopia
Safaricom Launches M-Pesa Mobile Money Service in Ethiopia
August 27, 2023  |  Mobile Wallets

Kenyan telecom Safaricom has brought its mobile money service M-Pesa to Ethiopia. As the Financial Times (FT) reported Saturday (Aug. 26), the service went live in Africa’s second-most populous country...

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TerraPay and Safaricom Team on Cross-Border Payments
TerraPay and Safaricom Team on Cross-Border Payments
July 19, 2023  |  Cross Border Commerce

Payments infrastructure TerraPay has launched a cross-border remittance partnership with Kenyan telecommunications firm Safaricom. The collaboration, announced Wednesday (July 19), will operate through TerraPay’s remittance...

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How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
July 06, 2023  |  Digital Payments

In 2019, Meta CEO Mark Zuckerberg said it was time to simplify money movement and make sending money to someone as easy as sending a...

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Is M-Pesa Missing Link to Accelerating Kenya’s Real-Time Payments Adoption?
Is M-Pesa Missing Link to Accelerating Kenya’s Real-Time Payments Adoption?
May 05, 2023  |  Real-Time Payments

Kenya is known as the home of mobile payment system M-Pesa, and it is also one of the few African countries to have made significant...

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Safaricom Launches Mobile Wallet and Mini App for Kenyan Students
Safaricom Launches Mobile Wallet and Mini App for Kenyan Students
April 28, 2023  |  Loans

Safaricom and Kenya’s Higher Education Loans Board (HELB) have partnered on a mobile wallet and a mini app. The new HELB Mobile Wallet will allow...

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Virtual Cards and Super Apps’ Big Future in B2B Payments
Virtual Cards and Super Apps’ Big Future in B2B Payments
December 02, 2022  |  B2B Payments

With an increasing number of businesses going digital, virtual cards are fast becoming the preferred method of payments in various markets across the world, thanks...

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