M-PESA, the world’s leading mobile money service has today announced that it has reached 50 million monthly active customers strengthening its position as Africa’s largest fintech. Launched more than 14 years ago in Kenya, the mobile money service is today available in Kenya, Tanzania, Mozambique, DRC, Lesotho, Ghana and Egypt. The milestone comes just 18 …
M-Pesa Africa Celebrates 50 Million Active Customers Read More »
Over 1.3 million Safaricom customers have downloaded the M-PESA Super App while more than 100,000 businesses have downloaded the M-PESA for Business App.
The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 90.224 after seeing an earlier low of 90.09.
Oil prices fell in the afternoon of Asia trading hours, with international benchmark Brent crude futures down 3.23% to $50.57 per barrel. U.S. crude futures also dropped more than 3% to $47.44 per barrel.
According to the report, Safaricom contributes 6 percent to Kenya’s GDP, though a slight decline from 6.3 percent registered in 2019.
Safaricom Shares slightly rallied by 0.71% but stabilized to 28.50 this morning after news on talks to acquire stake in Ethio Telecom went public today. Safaricom’s Acting Chief Executive Michael Joseph yesterday said they were at an advanced level of talks with the Ethiopian regulators to get licence of operations; starting from scratch or through …
Safaricom shares Stable on News of Planned Stake in Ethio Telecom. Read More »
The study, carried out by former Central Bank of Kenya (CBK) governor Njuguna Ndung’u shows that Safaricom’s control of a large proportion of the mobile money market gives it incentive to restrict access to competitors. Prof Ndung’u, during whose reign as CBK boss Safaricom’s M-Pesa money transfer services were licensed and launched, said the cost …
Former CBK Governor urges greater mobile money connectivity Read More »
