Safaricom drops M-Pesa rates
VALUE ADDED SERVICES| March 5, 2012, 9:35 a.m.
As the mobile money business grows competitive, Safaricom has dropped its low-end M-Pesa transaction limits and charges.
Safaricom M-Pesa customers can now send and receive as little as Ksh10 (12 US cents) compared to a previous limit of 50 US Cents, for a transaction fee of 3 US Cents.
However, large fund transfers, over Sh5,000, will incur a higher transaction fee than previously.
Safaricom CEO Bob Collymore said the low transaction fee for small transfers was being offset by an increased transaction fee for larger funds transfers, to cater for low-income groups who use the M-Pesa service.
MORE VALUE ADDED SERVICES NEWS
Safaricom launches M-PESA bill manager serviceSafaricom has launched a new service known as ‘Bill Manager’ that will enable customers to manage and pay bills via M-PESA all in a single transaction. Read More
BankOne empowers 250 Microfinance BanksOne of Africa’s leading Information Technology platforms for micro finance banks, BankOne, has announced the signing up of its 250th client. Read More
Orange Money in France to allow money transfers to three African countriesOrange Money is available in Metropolitan France to enable Orange mobile subscribers in France to transfer money via their mobile to other Orange Money customers in Côte d'Ivoire, Mali and Senegal. Read More
Dar es Salaam gets UberDar es Salaam has become the 475th city to join in Uber’s growing global network. Read More
Carrefour signs up for Lipa Na M-PESACarrefour, the world’s second largest hypermarket chain, has today become the first retailer in Kenya to fully integrate Safaricom’s payments service – Lipa Na M-PESA – paving the way for the retailer to fully adopt M-PESA as a payments channel in Kenya. Read More
Tigo Insurance pays 10,000th claimantTigo Ghana says it paid over GHS 6.2 million to policyholders since the inception of Tigo Insurance in 2010. This was revealed during the presentation of a payment to its 10,000th claimant. Read More
Uber signs MoU with Ghana’s Transport MinistryUber, a technology company that connects riders and drivers at the touch of a button, has signed a memorandum of understanding with Ghana’s Ministry of Transport. Read More
Safaricom set to rival Uber with LitteCabsIn a move aimed at giving Uber a run for its money, Safaricom is in the preliminary stages of introducing its own tax app - LittleCabs. Read More
Uber launches in AccraUber has officially launched its taxi app in Ghana’s capital city Accra. Read More
M-PESA customers to access money through Equity Bank ATMs countrywideEquity Bank has partnered with Safaricom to launch a new mobile money transfer service that will see M-PESA customers access money from the bank's automated teller machines throughout the country. Read More
FEATURED STORYGovernment should encourage youths in ICT early
Youths should be given more encouragement to develop their ICT skills, an 11-year-old app developer told Kokumo Goodie.
BEST READ NEWS
IN DEPTHIBM Opens First Cloud Data Centre in South Africa
IBM is opening a new IBM Cloud Data Centre in Johannesburg, South Africa. The new cloud center is the result of a close collaboration with Gijima and Vodacom and is designed to support cloud adoption and customer demand across the continent.