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,...
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...
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...
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 portion of their student loans directly to their M-PESA account, while the HELB M-PESA Mini...
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 […]
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...
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. We have been building technology, created products, and will have […]
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...
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...
July 15, 2022
African money transfer service M-Pesa has debuted bill pay interoperability that lets Airtel and Telkom customers make mobile money payments directly into Safaricom’s M-PESA Pay Bill Numbers. The move comes...
