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introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete.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