M-PESA
Safaricom
Solution Overview & Benefits
M-Pesa is a mobile phone-based financial platform that allows users to send and receive payments, access savings and credit, and pay for goods and services.
The name comes from the Swahili word pesa, which means "money", and the "M" stands for "mobile".
M-Pesa was launched in Kenya in 2007 by Vodafone and Safaricom, the country's largest mobile network operator. It has since expanded to other African countries, as well as Afghanistan, Egypt, and South Africa.
M-PESA global is a service that enables M-PESA registered customers to send and receive money globally.
History & Development
Safaricom is the leading telecommunication company in East Africa. Their purpose is to transform lives by connecting people to people, people to opportunities and people to information.
They provide connectivity through wide range of technology, 2G, 3G, 4G and 5G in aggregate covering over 99% of Kenya’s population.
Availability
- Publicly available: yes
- Countries where available: Kenya, Tanzania, Afghanistan, South Africa, India
- Price range (USD): Free
- Available online: yes
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