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m-pesa

Company News

Safaricom’s M-PESA Marks 18 Years with Investment Platform Launch

Mamsi Nkosi -
Today marks the 18th anniversary of Safaricom's mobile financial service, M-PESA, which debuted in March 2007. Currently, M-PESA serves more than 70 million clients in more than 170 countries worldwide. More than a million companies and agents already use the...
Cloud Computing

Safaricom Deploys Red Hat OpenShift for Cloud Transformation

Mamsi Nkosi -
Red Hat, Inc. has announced that Safaricom, a provider of converged communication solutions in Kenya, has deployed Red Hat OpenShift as a common cloud platform for applications, including the M-PESA system. Safaricom boasts more than 45 million subscribers and Kenya's...
East Africa

Safaricom Launches M-PESA Powered Investment Fund

Staff Writer -
Safaricom announced the official launch of Ziidi MMF in collaboration with two fund managers, Standard Investment Bank and ALA Capital Limited. The Product allows Customers to control, grow and manage their finances and wealth with free deposits and withdrawals via...
East Africa

Safaricom and Mastercard Expand Merchant Services in Kenya

Mamsi Nkosi -
Safaricom and Mastercard have announced a partnership to accelerate the adoption of payment acceptance and cross-border remittance services in Kenya. This collaboration is anticipated to benefit over 636,000 retailers utilizing M-PESA, Safaricom’s flagship mobile money service. Kenya's payment acceptance market...
Digital Transformation

Spark Accelerator Program Launched to Boost Tech Startup’s in Africa

Eva Sgroi -
Leading Fortune 500 global trading and business company’s – Sumitomo Corporation, launched their Spark Accelerator program together with Safaricom’s M-PESA Africa calling on tech startup's to help them accelerate early-stage start-up's to grow and scale their businesses. The 3 month...
Digital Transformation

Is Ethiopia Africa’s Fintech Sleeping Giant?

Eva Sgroi -
The fintech sector has been one of Africa’s biggest technology success stories. According to one report, the continent’s 678 fintech startups raised more than US$2.7 billion between 2021 and August 2023. Additionally, almost all of the continent’s unicorns (startups valued at more...
Company News

Safaricom Hosts the Second Annual Engineering Summit dubbed Decode 2.0

Eva Sgroi -
Safaricom hosted a second edition of the Safaricom Engineering Summit under the theme of “Igniting Africa’s Digital Renaissance.” The two-day forum, attended by over 800 in-person industry stakeholders and thousands of others online, seeks to build on the learnings and...
Digital Transformation

Microsoft and M-PESA Africa’s MSME Digital Skills Initiative

Mamsi Nkosi -
Microsoft is collaborating with M-PESA Africa to support its Capability Development Academy, providing access to the Microsoft Community Platform and SME Skilling Programs. This partnership aims to empower Micro, Small, and Medium SMEs (MSMEs) across various African markets by...
Company News

M-PESA Milestone: Safaricom Gains Green Light for KSh. 250,000 Transaction Limit Boost

Eva Sgroi -
Safaricom has today increased M-PESA transactions limit to KSh. 250,000 for each transaction. The move will see the addition of a new transaction band of KSh. 151,000 to KSh. 250,000 for Send Money, Lipa Na M-PESA BuyGoods, PayBill and all...
Artificial Intelligence

Safaricom Plans to Launch Payment Service in Ethiopia

Eva Sgroi -
Safaricom (NSE: SCOM) Telecommunications Ethiopia, a name synonymous with innovation and connectivity, has achieved yet another milestone. In a groundbreaking move, the company was officially granted the license to operate mobile money services in Ethiopia on 11 May 2023. This...
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Latest News

Artificial IntelligenceMamsi Nkosi -

The Evolution of AI in Phishing Attacks

The evolution of AI is not only affecting various industries, but it has also transformed cybercriminals’ tactics. One...
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