Vodacom announces M-Pesa shutdown in Albania

Mobile money transfer service, M-Pesa, which has more than 90 percent penetration in Kenya will no longer be available in Albania. Vodafone’s Kenya unit Safaricom was the first to offer M-Pesa, and had 24.8 million registered users, of which 17.6 million were active users, at the beginning of September 2016.

The mobile money service was launched in Albania in 2015 . Vodacom announced that they will stop offering the mobile money transfer service as from July 14. This will affect nearly 250,000 users.

In 2016, Vodacom discontinued the service in South Africa due to low uptake. The mobile service provider has reportedly given its customers in Albania until the end of the month to draw any remaining funds.

According to reports, the company has not released an official  explanation for the move.

Staff Writer