Wednesday, January 15, 2025
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M-PESA Kenya

Company News

M-PESA Global Services: Simplifying Cross-Border Transactions

Mamsi Nkosi -
Safaricom has expanded its M-PESA Global service to Ethiopia, allowing consumers to conduct mobile money transfers from Kenya to Ethiopia. M-PESA Kenya and M-PESA Ethiopia are partnering to improve mobile money use and penetration in Ethiopia, aiming to boost local...
East Africa

The Role of Mobile Money in Kenya’s Tech Surge

Luis Monzon -
Over the last decade, Kenya has witnessed significant technological growth, with the country now considered among the leading nations on that front in Africa. Dubbed Silicon Savannah, the East African nation has become the reference point for technological advancement not...
East Africa

Minors Won’t Get Access to Loan Services in M-Pesa Junior Accounts

Zintle -
Safaricom, a telecommunications provider in Kenya, confirmed that minors will not get access to loan services like M-Shwari and Fuliza. The Kenyan telco announced on Friday that it is introducing M-PESA Junior Accounts for individuals between the age of 10...
East Africa

M-PESA Rakes in $1.5-Billion Amid Kenya’s Betting Craze

Zintle -
Kenyans have spent Sh169.1-billion ($1.5-billion) betting through Safaricom's M-Pesa in the year to March. According to Business Daily, disclosures show that the value of bets jumped 23.8 percent from Sh136-billion ($1.2-billion) a year earlier. The Kenyan government is trying to crack...
East Africa

Safaricom Hires Managing Director of Citibank

Zintle -
Safaricom, a Kenyan telecommunications service provider, has hired the managing director of Citibank to be in charge of strategy and acquisitions. The telco is currently seeking regulatory approvals to launch insurance, unit trust, and savings products in an endeavour to...
Company News

Fraud Scandal: MozzartBet Fights $2.6-Million Seizure Transferred Through M-Pesa

Zintle -
MozzartBet, a betting company, has returned to court to fight the Kenyan State against the seizure of Sh302-million ($2.6-million) that was declared to have been acquired through alleged crime. According to Business Daily, the company says that the millions are...
East Africa

Safaricom Hits 30 Million Monthly Active M-PESA Users in Kenya

Zintle -
Telco Safaricom has revealed that its active M-PESA users have surpassed the 30-million mark for its Kenya customers, according to Techweez. Techweez says that this new development follows after the product's 15th birthday after its launch in May 2007. M-PESA...
East Africa

Safaricom to Take All M-PESA Services Offline – When, Why & How Long

Luis Monzon -
Safaricom is set to take down all M-PESA services from Saturday 6 November 2021 at 23:59 until Sunday morning 04:00 - effectively for four hours as Kenya's largest telecom company conducts maintenance on its services for around the 10th...
East Africa

All M-PESA Services Are Going Offline Tonight But for How Long?

Luis Monzon -
Safaricom has announced in a statement that it will be taking down all M-PESA services, including the purchase of airtime for the undertaking of "enhancements and maintenance" of its systems. "We are constantly investing and innovating M-PESA to ensure that...
General

Top 4 Most Trending Stories – Week in Review

Luis Monzon -
As this week comes to a close we take a look at the stories that resonated most with our readers. This week was marked by huge vaccine-related news in South Africa. After Discovery Health announced mandatory vaccinations for its employees...
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Latest News

CybersecurityAnna Collard -

How Can You Safeguard Your Data from Social Engineering Threats?

Social engineering remains the most pervasive form of cyberattack for one reason: humans are easier to hack into than...
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