The recent announcement of joint efforts by Microsoft to build new financial services for businesses hints at a multipronged effort to boost financial inclusion … … Including financial inclusion for smaller businesses, leveraging the M-Pesa platform. As reported, the two firms will “offer digital services...
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 enhance Vodafone’s customer experience, Microsoft said in its announcement Tuesday (Jan. 16). The tech giant and the telecom will also...
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 this month, and will be promoted nationwide in September. “By the end of September we will fully launch M-Pesa here....
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 provider Mobex and let more than 30 million M-PESA mobile wallet-holders in Kenya send real-time payments to Bangladesh and Pakistan,...
July 06, 2023
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 photo. However, what that statement, seen as groundbreaking back then, failed to acknowledge is that Africans have been sending and receiving money without traditional bank accounts for over a decade […]
December 02, 2022
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 to their ability to help...
June 21, 2022
“M-Pesa is a barometer of what’s happening in the [Kenyan] economy and how customers are behaving.” That description by Peter Ndegwa, CEO at Nairobi-based tech firm Safaricom, sums up the...
November 07, 2018
Western Union and M-PESA announce today a global P2P partnership that will make it easier for M-PESA customers to send money outside of Kenya and for this highly popular mobile...
September 19, 2024
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 adoption of payment acceptance and cross-border remittance services in Kenya for the benefit of more than 636,000 merchants using M-PESA, Safaricom’s mobile money service. “Kenya’s payment acceptance market continues to […]
January 16, 2024
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 enhance Vodafone’s customer experience, Microsoft...
August 27, 2023
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 this month, and will be...
July 19, 2023
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 provider Mobex and let more...
