Browsing: M-Pesa

Why Vodacom, MTN failed at mobile money

Excessive regulation, a business model that tried to do too much too soon and trust worries among consumers. These are the reasons Vodacom’s M-Pesa and MTN’s Mobile Money failed in South Africa, according to the CEO

MTN kills Mobile Money

Four months after rival Vodacom South Africa pulled the plug on its mobile payments platform M-Pesa, MTN South Africa is doing the same with its Mobile Money offering. The move by MTN comes just two weeks after news emerged that

Visa to take on M-Pesa

Visa, the world’s largest payments network, introduced a mobile phone application to enable cashless transactions in Kenya, where the majority of wireless payments are being done through the nation’s biggest

MTN SA may pull plug on Mobile Money

outh Africa’s second largest mobile network by subscribers, MTN South Africa, has stopped signing up new Mobile Money customers as it studies the feasibility of the product. In 2012, MTN partnered with the South African Bank of Athens

Why M-Pesa ‘will never work in SA’

In the wake of Vodacom’s decision to close down its M-Pesa mobile money service in South Africa at the end of this month, a pioneer of mobile financial services for the mass market, Brian Richardson, CEO of Wizzit International, has

Why M-Pesa works in Kenya but not SA

The news that Vodacom South Africa is planning to drop the M-Pesa mobile money transfer service has come as a surprise to many analysts considering the huge success it has seen in many

Vodacom SA pulls plug on M-Pesa

Vodacom South Africa has announced it is pulling the plug on its struggling mobile payments platform M-Pesa. Despite the enormous success of M-Pesa in markets such

Editor's pick
Why M-Pesa was a flop for Vodacom

South Africa’s advanced banking sector and a lack of demand are key reasons for the local failure of Vodacom’s mobile money product M-Pesa, says an analyst. On Monday, Vodacom announced that

Vodacom SA reviewing struggling M-Pesa

Vodacom South Africa is considering various options for its sluggish mobile money transfer service, M-Pesa. M-Pesa allows customers – particularly unbanked users – to transfer money

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