5 years of M-Pesa
VALUE ADDED SERVICESBy BiztechAfrica - March 21, 2012, 9:03 a.m.
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.
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