Browsing: M-Pesa

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

Around the world in 80 payments

Ever since computers were first introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete. The near death of personal cheques, increase in debit and credit card use, and innovations such as PayPal

Ayo Ajayi
How digital money could lift up Africa

This past April, the World Bank unveiled the Global Findex, the most comprehensive set of data on financial inclusion ever compiled. In strokes both broad and small, it paints a picture of where we stand in the fight to turn the 2bn unbanked poor of the world into active participants

Hilton Tarrant
M-Pesa’s SA relaunch a massive flop

In its annual report for the year to end March 2015, Vodacom tries to be frank about the re-relaunch in South Africa of M-Pesa, the mobile money transfer service that has fast become the de facto banking system in East Africa. This success in Kenya (and

Genna Robb
Why mobile money has flopped in SA

Anyone who has recently spent time in Kenya, Zimbabwe or Tanzania will have noticed the pervasive influence of mobile money on everyday life. People use it for a wide range of purposes from buying airtime to paying taxi drivers to making loan repayments

Vodacom’s M-Pesa relaunch is a flop

A second attempt by Vodacom to launch the M-Pesa mobile payments platform in South Africa has flopped. On Monday, the mobile operator conceded that since it relaunched M-Pesa in the

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