5 years of M-Pesa

VALUE ADDED SERVICES

|
Image: By BiztechAfrica
5 years of M-Pesa

Revolutionary mobile money service M-Pesa celebrates its fifth anniversary this month.

M-Pesa was launched in Kenya by Safaricom, in partnership with Vodafone, on 6 March-2007.

By the end of its first month, the service had just over 19,000 subscribers. It passed its first major milestone of over one million active users by November the same year. By its first anniversary, M-Pesa had two million active users in Kenya, and numbers surged to three million just three months later.

Now boasting over 15 million active users in over 46 countries, multiple award-winning M-Pesa has integrated numerous additional services and is aligned with tens of thousands of agents.

With its massive uptake, M-Pesa suffered a series of outages in recent months. However, Safaricom has announced that it is migrating M-Pesa to a new platform over the next few years, to ensure better stability and more seamless functionality.



Share the News

Get Daily Newsletter

comments powered by Disqus

MORE VALUE ADDED SERVICES NEWS

Afrinvest unveils mobile app for online trading, investment management

Ayodeji Ebo, Charles Egbunonwo, Ike Chioke, Afrinvest and Tony Usidamen Afrinvest Securities Limited at the weekend launched an online equity trading mobile application, offering clients mobile access to their brokerage accounts and portfolio data.  Read More

Stanbic launches real time payments for electricity and DStv

Stanbic Bank Botswana has announced the introduction of state of the art, real-time electronic payments for Prepaid Electricity and DStv Subscription through its cellphone Banking and Internet Banking Channels. Read More

Safaricom readies to bring M-PESA home

Safaricom has started final preparations for the launch of the second generation of its M-PESA platform as it prepares to perform a full scale system upgrade aimed at improving efficiencies and speed over the next week. Read More

Airtel Money hits over 1 million transactions in a month

Airtel Ghana has attained another milestone with its instant mobile money service.  Read More

Online payment of BGCSE examination fees using Orange Money

The Botswana Examinations Council has announced its partnership with Orange Money for the payment of examination fees. Read More

Airtel Money enables fundraising for Garissa attack victims

Airtel Kenya has set up a donation paybill number for well-wishers to send funds to the Red Cross to support victims of the Garissa attack.  Read More

Spectranet offers subscribers free movies on iROKOtv.com

4G or long term evolution (LTE), internet service provider (ISP) Spectranet has launched a partnership with iROKOtv.com, Africa’s premier internet television provider.  Read More

Airtel Rwanda to introduce Airtel Money micro loans

In a bid to expand reach into mobile financial services, Airtel Rwanda has announced plans to introduce micro-loans on Airtel Money on April 1, 2015 in a partnership with Atlantis Microfinance Limited. Read More

BIC, Orange Money agree on payment service

Botswana Insurance Company (BIC) and Orange Botswana have entered into a partnership which will now enable BIC customers to make their premium payments through the Orange Money mobile money service. Read More

Strathmore, Castalia look to implementation of mobile learning

Strathmore University in Nairobi and Castalia Co of Japan has signed a Memorandum of Understanding to launch a feasibility study of “goocus pro” and “goocus 3”, mobile learning platforms developed by Castalia, starting from April of 2015. Read More

PRESS OFFICES

Sage ERP AfricaSAP AfricaSage Pastel AccountingTrust PayVMWareSamsung ElectronicsMitsumi DistributionPhoenix DistributionMTN BusinessSchneider ElectricMultichoiceMicrosoft 4Afrika

FEATURED STORY

e-commerce space untapped, says phonekings heade-commerce space untapped, says phonekings head

E-commerce is the future, says the head of a new online electronics mall launched in Nigeria. Tayo Olusanya spoke to Kokumo Goodie in Lagos.

IN DEPTH

Villagers get solar training at Barefoot College Villagers get solar training at Barefoot College

The Botswana Human Resource Development Council (HRDC) has seconded seven semi-illiterate mostly Ngwatle villagers for a six month solar electrification training course at the famed Barefoot College in India.