Safaricom to upgrade M-Pesa platform
VALUE ADDED SERVICES| March 20, 2012, 3:41 p.m.
Safaricom is making good on its plan to improve the M-Pesa payment platform, by migrating the service to a new platform for seamless connectivity.
The migration, to be carried out over the next few years, is aimed at avoiding disruptions and enabling instant payment on services.
With the current system, in use by over 14 million users, disruptions have occurred and payments to some utilities and vendors have taken as long as 48 hours to reflect.
Safaricom CEO Bob Collymore noted late last year that M-Pesa had proved more popular than initially expected, making it difficult to support with its current platform. He said Safaricom would look to have more control over the system in order to be able to take faster action in the event of problems.
Ex-Safaricom CEO and the director of mobile money at Vodafone Group, Michael Joseph, credited with launching the M-Pesa system, says the new platform will introduce new functionality to the mobile payment system.
MORE VALUE ADDED SERVICES NEWS
TransUnion launches Nipashe credit checking solution for KenyaTransUnion has launched an innovative new SMS short code solution that enables consumers in Kenya to easily access their credit information. Read More
Orange Money Botswana tops 300,000 subscribersOrange Money Botswana has announced that its customer numbers have reached the 300, 000 mark. Read More
Airtel, Wari expand financial inclusion in NigeriaAirtel Nigeria has collaborated with payment solution provider Wari, to provide an innovative payment platform for Nigerians. Read More
Glo Xchange agents roll out operations on mobile moneyGlobacom has announced its readiness to roll out the first set of market-ready agents for its mobile money service, Glo Xchange. Read More
BotswanaPost releases app for electricity purchasingBotswanaPost has officially released a smartphone app allows users to users to purchase prepaid electricity using mobile phones. Read More
GeoPoll, Kantar Media Unveil Kantar-GeoPoll Media Measurement in AfricaGeoPoll’s mobile platform and media measurement service is to be combined with Kantar Media’s experience in audience measurement methodology. Read More
Study: online gambling goes mainstreamNew data from Juniper Research has found that more than 1 in 10 adults worldwide will engage in some form of mobile or online gambling by 2019. Read More
Is Kenya ready for social commerce?With 99% of Kenyans accessing the internet through smartphones, many factors still hamper the growth of social commerce, says Jumia’s Communications Manager. Read More
MTN Ghana holds 2nd Mobile Money forum in AccraMTN Ghana held its second Mobile Money Stakeholders’ Forum in Accra this week, under the theme maximizing the potential of mobile money to drive financial inclusion in Ghana. Read More
Now parents can use mobile to pay kids for doing their choresZAZOO has partnered with Funifi to add a secure mobile payment mechanism to an app that encourages kids to do their chores. Read More
FEATURED STORYAlcatel-Lucent VP calls for collaboration to achieve Data Revolution in Africa
The Vice president of Alcatel-Lucent Africa, Daniel Jaeger, has reiterated the need for African stakeholders to work together to address challenges in the way of ICT development in Africa.
BEST READ NEWS
IN DEPTHHigh tech homes: Just press play
High tech, digital homes where everything is automated and connected aren’t the stuff of science fiction any longer, says BNC Technology.
COMPANY NEWSMTN SA expands its FTTH network to the Western Cape
MTN South Africa has expanded its fibre to the home (FTTH) footprint to the Western Cape, and trenching has already commenced in the picturesque suburbs of Fresnaye ...