Browsing: M-Pesa

In-depth
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introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete.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

News
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

News
Vodacom’s Herman Singh to join MTN

Big changes are sweeping through the management corridors at MTN Group, with a former top Vodacom managing executive, digital financial services expert Herman Singh, set to take the leading

News
M-Pesa, MTN Money to interoperate

In a potentially groundbreaking development, MTN and Vodafone have announced that MTN Mobile Money and M-Pesa customers in East Africa will soon be able to transfer money to each other

News
Cross-border M-Pesa comes to East Africa

M-Pesa users in Kenya and Tanzania can now send money to each other electronically using their mobile phones, Vodacom said on Monday. Vodacom has 7m M-Pesa customers in Tanzania, while sister company Safaricom has 18m in Kenya. The

News
Vodacom revenue falls as pressures grow

Vodacom’s normalised revenues in its third financial quarter ended 31 December 2014 fell by 1,1% year on year to R20bn, with service revenue down by 2,7% to R15,8bn, despite the group adding 5,1m customers

Dirk de Vos
Why mobile money is so tough to crack

“Happy families are all alike; every unhappy family is unhappy in its own way.” So reads the opening line of Leon Tolstoy’s Anna Karenina. The novel comes to mind when looking at the prospects that confront mobile money. Success stories have many similarities, but failed efforts fail for their own

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