Safaricom news and trends

Safaricom Launches M-Pesa Mobile Money Service in Ethiopia
Mobile Wallets // 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 promoted nationwide in September. “By the end of September we will fully launch M-Pesa here....

TerraPay and Safaricom Team on Cross-Border Payments
Cross Border Commerce // 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 than 30 million M-PESA mobile wallet-holders in Kenya send real-time payments to Bangladesh and Pakistan,...

How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape
Digital Payments // 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...

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

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 headway in the development of a national real-time payment network. The country’s PesaLink instant payments scheme was first launched in...

Interviews & Exclusives
How Digital Innovation Is Unifying Africa’s Fragmented Payments Landscape

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 […]

Safaricom CEO: ‘Innovation Mindset’ Critical to M-Pesa Success

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...

Quick Reads
Mastercard and Safaricom Team on Cross-Border Payments in Kenya

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 […]

Safaricom Launches M-Pesa Mobile Money Service in Ethiopia

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...

TerraPay and Safaricom Team on Cross-Border Payments

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...

Safaricom Launches Mobile Wallet and Mini App for Kenyan Students

April 28, 2023
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 students to receive the upkeep...