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
Browsing: Safaricom
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introduced into the retail banking system in the late 1950s, there has been the vision of a future world where cash is obsolete.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
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
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
Any doubt that lower wholesale call termination rates have led to a sharp decline in retail mobile tariffs in South Africa should be put to rest, new research shows. South Africans have benefited directly from a reduction in termination rates – the fees telecommunications
“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
M-Pesa has seen an impressive uptake for Vodacom in Tanzania, but the telecommunications operator has struggled to get a solid footing for the mobile money platform in its home market of South Africa. Part of the reason for success in Tanzania, where
How is this for ambitious? Vodacom in South Africa is hoping to sign up 10m subscribers to its M-Pesa mobile banking and payments platform within the next five years. To put that in context, the cellular operator managed to
Will it be a case of second time lucky for Vodacom? The mobile operator has finally relaunched M-Pesa, the mobile payments platform that has proved enormously successful in Kenya and Tanzania, in South Africa, hoping it will