Vodacom reports 7.8M m-pesa users

South African operator Vodacom said customer numbers for m-pesa in its international operations grew by 18 per cent year-on-year, although there has been a net decline of 200,000 over the last three months. In a trading statement for the three …

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Kenya’s Equity Bank challenges M-Pesa; targets 5M subs by year-end

Kenya’s Equity Bank launched a payment and telecoms MVNO, in a move that challenges incumbent Safaricom and its M-Pesa offering. The new venture, which is called Equitel, offers a range of banking services such as loans, cross-border transfers, insurance and investment. …

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Safaricom, Airtel to settle MPesa trademark dispute out of court

Safaricom and smaller rival Airtel Kenya agreed to end a trademark dispute relating to the M-Pesa logo, said the Daily Nation. Earlier this month Safaricom, Kenya’s dominant operator, sued Airtel for using a trademark it claimed was identical to its …

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SimbaPay claims first with M-Pesa-linked service

Mobile remittance firm SimbaPay launched a service that enables Kenyans living abroad to make bill payments using the popular M-Pesa money service back home. M-Pesa PayBill, which previously has only been available to M-Pesa subscribers in Kenya, allows subscribers to …

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India is only a small contributor to Vodafone’s 20M money base

India is arguably Vodafone’s largest potential market for mobile money but the operator is shy of 400,000 active users. According to the group’s 2014/15 results, the operator has a nationwide network of 89,000 agents offering its M-Pesa service in India …

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Vodacom’s m-Pesa growth still not reached home

Vodacom identified mobile money service m-Pesa as a growth engine but its 2014/15 results showed this to be truer internationally than in South Africa. The Johannesburg-based operator reported growth of 34 per cent to 8 million active m-Pesa users outside …

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MTN, Vodafone strike East Africa interconnection deal

The latest in a spate of interconnect deals sees MTN Mobile Money and M-Pesa users in a number of East African countries able to exchange funds with one another. The deal means international remittance payments can be sent and received …

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M-Pesa goes cross-border for the first time

Subscribers to M-Pesa in two of the world’s leading mobile money markets — Kenya and Tanzania — can now send and receive funds with one another. The money transfer corridor between the two East African countries is a first for …

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Saving and loans product gives lift to M-Pesa

For South Africa-based Vodacom, registering a higher subscriber level for M-Pesa is only part of its agenda, as the number and financial value of transactions on the mobile money service seems to loom larger in its thinking. In the operator’s …

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