M-PESA Archives - TechMoran

Startups

L’Oréal invests in Partech Africa Fund

Monday, September 24th, 2018 at 4:52pm
Startups

Online shopping platform Mall for Africa expands its services to Mombasa
Startups

Andela’s first set of developers complete their four-year fellowship
Bitcoin / Blockchain / Startups / Women

BitPesa, SBI Remit Partner for Blockchain Cross-Border Payments Between Japan And Africa
Business / Startups

How PesaPal’s Mobile PoS Solution Sabi is Powering Mobile, Card & Cash Payments for Merchants

Friday, September 21st, 2018 at 4:36pm
Startups

Egypt’s healthcare marketplace Vezeeta raises $12m to expand into new markets

Thursday, September 20th, 2018 at 1:38pm
Startups

Uber Tuk Tuks launch in Dar Es Salaam, Mombasa as uberPOA
Startups / Women

As Uber, Taxify Strike Over Poor Rates, An Nisa Launches to Take Women & Children Home
Startups

Lori Systems Expands into Uganda, Rwanda & South Sudan; Partners Kenya’s Standard Gauge Railway
Startups / Telcos

Helios acquires majority stake in MENA’s direct carrier billing firm TPAY

Tuesday, September 18th, 2018 at 3:51pm

How the PayPal Mobile Money Service with M-PESA is Making Life Easier for Developers in Kenya

How the PayPal Mobile Money Service with M-PESA is Making Life Easier for Developers in Kenya

On Wednesday, May 9th, 2018 at 2:06pm by Charity Mbaka

As a local web and mobile app developer, Joshua Mutua, the founder and CEO of KejaHunt and KejaMove, businesses in real estate and relocations respectively; struggled to buy domain names online on sites such as Godaddy, Namecheap and domains.com because he had…

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Paga join forces with AfroMillionsLotto to offer payments for Nigeria’s Biggest Jackpot in Naira

Paga join forces with AfroMillionsLotto to offer payments for Nigeria’s Biggest Jackpot in Naira

On Friday, April 20th, 2018 at 12:15pm by TechMoran

Following its launch in Nigeria last October, AfroMillionsLotto has linked up with leading Nigerian payments provider Paga to offer payments for lotto games in Naira, making it even easier to play for Africa’s biggest jackpots. James Leppard, Ofertas365 CEO, stated: “We…

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PayPal, Safaricom and TransferTo launch 48hr M-PESA to PayPal money transfers & withdrawals

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PayPal, Safaricom and TransferTo launch 48hr M-PESA to PayPal money transfers & withdrawals

On Monday, April 9th, 2018 at 8:35am by TechMoran

PayPal and Safaricom have announced a collaboration that will see users in Kenya deposit and withdraw between their M-PESA and PayPal accounts seamlessly in a move expected to take on Equity Bank-PayPal withdrawal only service. According to Joseph Ogutu, Director of Strategy, Safaricom, “M-PESA’s cooperation with…

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Equity Bank cuts charges on its PayPal withdrawal service to 1 percent

Business Mobile Tech

Equity Bank cuts charges on its PayPal withdrawal service to 1 percent

On Wednesday, April 4th, 2018 at 1:10pm by TechMoran

Equity Bank has reviewed withdrawal charges on its Equity PayPal Withdrawal service in a move that will see users pay as low as 1% on withdrawals made from their PayPal account. According to Equity Bank Group CEO and MD, Dr. James Mwangi:…

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How to get Showmax for a year for only Ksh 1,000

How to get Showmax for a year for only Ksh 1,000

On Tuesday, November 14th, 2017 at 4:06pm by Dennis Mathu

All it takes is a simple hacking of the Safaricom Ksh250 deal. Showmax, a subscription video-on-demand (SVOD) platform run by South Africa’s giant firm Naspers, offers subscribers the opportunity to get three months of the service for only Ksh250. That’s significantly cheaper…

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Meet telecommunications Expert and an emerging women leader Topy Muga,

Meet telecommunications Expert and an emerging women leader Topy Muga,

On Tuesday, October 17th, 2017 at 4:10pm by Susan Mwenesi

Financial inclusion and telecommunications expert Topy Muga is one of the TechWomen emerging women leaders in Africa. In fact, The techie is actually a decorated financial inclusion and fintech personality with a very impressive experience in the digital world, spanning thirteen years….

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Mobile money transactions in Kenya hit Ksh 1.2 trillion

Mobile money transactions in Kenya hit Ksh 1.2 trillion

On Wednesday, October 4th, 2017 at 2:12pm by Susan Mwenesi

Mobile money services continue to soar in popularity among Kenyans as evidenced by the latest numbers where Kenyans have made transactions worth Ksh 1.2 trillion in the fourth quarter of the 2016/2017 financial year. According to the Communications Authority Sector Statistics report for…

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UPDATE: M-PESA won’t be offline Saturday morning

UPDATE: M-PESA won’t be offline Saturday morning

On Friday, June 30th, 2017 at 1:52pm by Dennis Mathu

As part of the transition of Safaricom from a telco to an enabler platform, the company has been working on new changes to its MPESA platform. These change will mark the third major update to the platform since transferring its servers from…

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Vodacom South Africa to acquire 35% stake in Safaricom for $2.6 billion

Vodacom South Africa to acquire 35% stake in Safaricom for $2.6 billion

On Monday, May 15th, 2017 at 11:15am by TechMoran

South Africa’s Vodacom Group is set to acquire a 35% stake in Safaricom giving it an opportunity to diversify its revenue growth and profitability and build on Safaricom’s M-PESA platform for growth across the larger East Africa. Earlier Vodafone UK owned 40%…

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Safaricom launches M-PESA One Tap to revolutionize mobile money payments

Safaricom launches M-PESA One Tap to revolutionize mobile money payments

On Wednesday, May 10th, 2017 at 10:59am by TechMoran

Paying with Safaricom’s M-Pesa at any POS used to be a pain as the process took longer than shopping itself but Safaricom is revolutionizing mobile money payments with today’s launch of M-PESA One Tap to reduce the steps to one altogether. “We…

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Safaricom finally announces M-Pesa app for iOS & Android

Business Tech Telcos

Safaricom finally announces M-Pesa app for iOS & Android

On Wednesday, March 29th, 2017 at 8:31pm by TechMoran

Safaricom has today announced availability of M-PESA functionality in the mySafaricom App, which will see the more than 24 million M-PESA customers and especially the 8m smartphone owners enjoy the convenience of transacting from their Android and iOS smartphones. The app show…

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Bitwala introduces free Bitcoin to M-Pesa transfers to Kenya, Nigeria, Tanzania & Uganda

Bitcoin Business Startups Tech

Bitwala introduces free Bitcoin to M-Pesa transfers to Kenya, Nigeria, Tanzania & Uganda

On Monday, March 13th, 2017 at 6:09pm by TechMoran

Global bitcoin remittance firm Bitwala, has introduced bitcoin to M-Pesa transfers in Kenya, Nigeria, Tanzania and Uganda for free in a move the firm says will make money transfers to any part of the world should be simple and convenient. According to…

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How growth in e-commerce offers new opportunities for entrepreneurs.

How growth in e-commerce offers new opportunities for entrepreneurs.

On Sunday, February 26th, 2017 at 9:08pm by James Kanja

This may be surprising to hear, and even superior to see that entrepreneurs are maximizing the benefit of Internet presence. It has been pointed out that those taking advantage of it, are really experiencing significant gains. Entrepreneurs can often be emotional with…

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Why Equitel Poses As A Game Changer In Mobile Money Transactions.

Business Tech Telcos

Why Equitel Poses As A Game Changer In Mobile Money Transactions.

On Wednesday, January 25th, 2017 at 5:03pm by James Kanja

It is the minute that the banking industry in Kenya is facing a lot of challenges specifically on governance issues, leading to a decline on public confidence after few banks were put under receivership. However, Equity group which has retained for four…

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Safaricom to disclose M-pesa fees in June next year

Safaricom to disclose M-pesa fees in June next year

On Tuesday, November 8th, 2016 at 1:41pm by Susan Mwenesi

Safaricom will reveal its new M-pesa transaction fees by June next year. This is following a directive by the Competition Authority of Kenya that required mobile money providers to reveal the fees they charge their customers. At the moment, customers rely on…

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Benefits of transitioning from cash to digital payments

Benefits of transitioning from cash to digital payments

On Wednesday, September 28th, 2016 at 11:54am by Eric Vateta

United Nations-based Better Than Cash Alliance releases a report showing the importance of digital payment and why governments and companies need to ditch the cash-dominant economy and embrace digitization of payments. The new report comes just as McKinsey Global Institute released projections that digital finance could…

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Kenyan diaspora sends one million money transfers with WorldRemit

Business Startups Tech Telcos Women

Kenyan diaspora sends one million money transfers with WorldRemit

On Wednesday, July 27th, 2016 at 7:43pm by TechMoran

Kenyans living abroad have now sent one million money transfers with WorldRemit, an international money transfer service based in UK, promising users safe, instant transfers at the touch of a button to Kenya and across the world. WorldRemit allows users to send money to…

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Safaricom denies leaking M-Pesa records

Safaricom denies leaking M-Pesa records

On Tuesday, July 12th, 2016 at 10:28am by Eric Vateta

Safaricom claims that its employees did not leak Mr. Marenya and Mr. Ambani M-Pesa records, but were given to the police who were investigating the murder of a hawker that was connected to an extortion ring. The company provides that the police…

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SWIFT Institute research demonstrates that mobile banking increases financial inclusion

Business Startups Tech Telcos

SWIFT Institute research demonstrates that mobile banking increases financial inclusion

On Tuesday, July 5th, 2016 at 12:33pm by TechMoran

A new report by the SWIFT Institute, in partnership with the Harvard Kennedy School dubbed ‘A Quantum Leap Over High Hurdles to Financial Inclusion: The Mobile Banking Revolution in Kenya’ reveals that mobile banking has greatly increased Kenya’s financial inclusion rates. Author of…

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Kenya Bankers Association Launches its Interbank Transaction Switch to Take On M-Pesa

Kenya Bankers Association Launches its Interbank Transaction Switch to Take On M-Pesa

On Tuesday, May 31st, 2016 at 5:09pm by TechMoran

Apart from the clearance house, most banks use Safaricom’s M-Pesa to instantly send or transfer cash between their users and themselves hence incurring costs they could easily avoid. To help address this, in June last year, there were reports that the Kenya…

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MobiCash launches in South Africa as M-Pesa takes flight

MobiCash launches in South Africa as M-Pesa takes flight

On Thursday, May 19th, 2016 at 1:22pm by TechMoran

Mobile payment firm MobiCash (not related to Kenya’s MobiKash) has partnered with cellphone payments company Boloro to launch in South Africa allowing townships and spaza shops to accept mobile payments days after Vodacom announced that it’s shutting down its M-Pesa business in…

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Vodafone PLC wins big as Safaricom set to pay 80 percent of its profits to shareholders

Vodafone PLC wins big as Safaricom set to pay 80 percent of its profits to shareholders

On Wednesday, May 11th, 2016 at 3:31pm by TechMoran

Safaricom, Kenya’s largest telco has announced a full year net income of Ksh 38.1 billion, a 19.6 increase from last years with a free cash flow of Ksh 30.4bn, up 10.3 percent from last year and it aims to pay 80 percent…

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Vodafone M-PESA reaches 25 million active customers worldwide

Vodafone M-PESA reaches 25 million active customers worldwide

On Wednesday, April 27th, 2016 at 9:38am by TechMoran

Vodafone M-PESA has announced it has hit over 25 million active customers globally, 27.1% increase to 25.3 million in the year ended 31 March 2016, boosted by market launches in Albania and Ghana and supported by a network of more than 261,000…

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Safaricom’s M-PESA Now Running on Huawei’s Mobile Money Platform & API Open to Developers

Business Mobile Startups Tech Telcos

Safaricom’s M-PESA Now Running on Huawei’s Mobile Money Platform & API Open to Developers

On Thursday, May 7th, 2015 at 3:16am by TechMoran

Huawei today announced that the new M-PESA service for Safaricom is now running on its open, secure, flexible and high performing Mobile Money Platform after it migrated all 12.8 million active subscribers overnight. TechMoran reported last year when Safaricom hired Huawei for…

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New Vodafone , MTN deal to enable M-pesa transactions for Rwanda subscribers

Business Mobile

New Vodafone , MTN deal to enable M-pesa transactions for Rwanda subscribers

On Tuesday, April 28th, 2015 at 4:53pm by Susan Mwenesi

It will now be possible for Rwanda subscribers to make cross-border mobile money transactions to Kenya or Tanzania after MTN Rwanda and signed an agreement. The New Times Rwanda reports that with the deal, customers will make use of the M-Pesa platform…

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Vodafone & MTN Interconnect their Mobile Money Services in East Africa

Vodafone & MTN Interconnect their Mobile Money Services in East Africa

On Tuesday, April 21st, 2015 at 12:44pm by TechMoran

In a very welcome move today, Vodafone and MTN announced that customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other after the wo signed an interconnection deal, bringing convenience and affordable international…

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UK’s Xpress Money Partners MTN Ghana For Mobile Remittances

Business Mobile Tech

UK’s Xpress Money Partners MTN Ghana For Mobile Remittances

On Friday, April 10th, 2015 at 1:41pm by Selipha Kihagi

International money transfer company Xpress Money will now allow customers to send money to their family, friends and business partners in Ghana directly to their mobile wallets as long as they are users of MTN’s mobile money platform. This new move is…

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Transfast takes on Western Union, MoneyGram with New Direct to M-PESA Partnership

Business Startups Tech

Transfast takes on Western Union, MoneyGram with New Direct to M-PESA Partnership

On Wednesday, March 11th, 2015 at 2:24pm by Sam Wakoba

Last year, Kenyans living abroad sent home a record high of $1.43 billion, a 10.68 percent increase over 2013 making remittances a major source of foreign exchange for east Africa’s biggest economy. According to Kenya’s Central Bank, in 2014, Kenyans living in…

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M-PESA takes the crown as Kenya’s leading Superbrand

M-PESA takes the crown as Kenya’s leading Superbrand

On Tuesday, February 3rd, 2015 at 1:27pm by Sam Wakoba

According to the London-based Centre for Brand Analysis, Mobile payment service M-PESA has become Kenya’s leading Superbrand, beating its parent firm and last year’s top superbrand Safaricom and several others in the race. Stephen Cheliotis, Chief Executive of The Centre for Brand…

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Kenya’s MyRCPT Wants to be Your Mpesa Receipting Buddy

Mobile Startups

Kenya’s MyRCPT Wants to be Your Mpesa Receipting Buddy

On Wednesday, January 7th, 2015 at 3:30pm by Sam Wakoba

A new application available on the Safaricom store dubbed MyRCPT aims to help users generate PDF receipts from their Lipa Na Mpesa and Mpesa Paybill text messages and as well help them file all their payments, rent, utility bills among others for…

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