Post Tagged with: "Safaricom"

M-Pesa Outage Leaves Customers Stranded (and Annoyed)

M-Pesa Outage Leaves Customers Stranded (and Annoyed)

by November 28, 2016 at 2:56 pm 0 comments

M-Pesa, perhaps the world’s premier mobile payments service, has been suffering outages over the past several hours, and in case you had any doubt of the system’s importance in Kenya and around the world, the angry tweets emerging should convince you. Monthly active users of M-Pesa in Kenya and Tanzania numberedRead More

M-Pesa’s Mobile Banking Platform Moves to Realtime

M-Pesa’s Mobile Banking Platform Moves to Realtime

by May 8, 2014 at 12:33 pm 0 comments

The wait is over — realtime mobile banking transactions are here! Here, that is, if you are in Kenya or another country served by M-Pesa. The realtime service was unveiled today. M-Pesa, the money transfer service launched by the mobile phone service provider Safaricom in 2007, has made Kenya theRead More

VIDEO: The M-Pesa Story — and Google’s Attempt to Replicate It

by April 25, 2013 at 12:30 pm 1 comment

“The only significant change in money since credit cards, 60 years ago, is M-Pesa. The transaction costs for it are so minimal that banks cannot compete with it.” – Erik Hersman, Founder, iHub. The story of Kenya’s M-Pesa network, launched by Safaricom, is well known. But did you know Google isRead More