Friday, February 3, 2023
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
TechBooky Africa
  • Home
  • TechBooky
  • Business
  • TV
  • Startup
  • Fintech/Finance
  • Login
No Result
View All Result
TechBooky Africa
Home Fintech/Finance

Fintech: Safaricom’s M-PESA Now Has 50 MILLION Active Customers

Idara Umoren by Idara Umoren
September 9, 2021
in Fintech/Finance
0

Kenya is Safaricom’s country of origin, however it has now penetrated other African countries, talking about Tanzania, Ghana, Lesotho, DRC and Mozambique. The majority market though, still lies with Kenya.

Related posts

Amazon & Stripe

Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

January 25, 2023
Kuda Bank

The SBP Issues Kuda Bank FinTech License to Operate In Pakistan.

January 24, 2023

In Africa, the mobile money agency now has 50 million active subscribers. Going by this number, this feat makes it the most popular mobile money platform in the continent, and Africa’s largest fintech. The product was launched back in 2007, and ever since, it has not stopped introducing new features and services to the market. These features have contributed to making it the leading fintech platform it is, today.

In a bid to boost remittances, M-PESA has opened its doors to partnerships with other bodies. It says its aim is also to empower customers to send and receive money across more then 200 countries and territories in Africa. To illustrate how partnerships have played a role in M-PESA’s growth, this company and Vodafone launched M-PESA Africa Joint Venture in 2019. Today, the product has grown to be used in several African countries.

Furthermore, Safaricom says that M-PESA has been instrumental in the growth of formal financial inclusion in Africa, pushing up the numbers to 55%. Currently, M-PESA offers two services – Customers can send and receive cash, make bull payments, also receive funds from people all around the world. Businesses use M-PESA to process payments too. At the moment, Safaricom has more than 500,000 M-PESA agents, and more than 500,000 businesses do transactions to the tune of $7 billion every month on the platform.

Not too long ago, M-PESA released a smartphone app with tons of features that can be tracked. “14 years ago, we launched M-PESA to connect our customers to each other and different opportunities. We are delighted to celebrate this remarkable milestone with our more than 50 million customers across the continent. As an honour to this achievement, we are reiterating our commitment and deepening our focus on more innovations that will further transform the lives of our customers”, as Sitoyo Lopokoiyit, MD M-PESA Africa expresses his view on the company’s new feat.

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Share 0
Tags: east africafintechkenyam-pesasafaricomsubscribers
Previous Post

Kenya: Mobile Money AGENTs Have Handled Ksh 3.8Tr In 7 Months

Next Post

I-G3N, A Lithium-Ion Battery Maker In South Africa, Gets $1.3m In Funding From Edge Growth

Next Post
I-G3N, A Lithium-Ion Battery Maker In South Africa, Gets $1.3m In Funding From Edge Growth

I-G3N, A Lithium-Ion Battery Maker In South Africa, Gets $1.3m In Funding From Edge Growth

RECOMMENDED NEWS

Angel Investing For Women, African Startup Funding So Far, Zoom’s Focus Mode

Angel Investing For Women, African Startup Funding So Far, Zoom’s Focus Mode

1 year ago
Airtel Africa Coffers $450M of its Parent Company’s Debt Ahead of Its Confidential Timing.

Airtel Africa Coffers $450M of its Parent Company’s Debt Ahead of In-House Confidential Countdown.

7 months ago
Presidential Digital Talent Internship For Kenyan Graduates Will Be Tutored By Oracle And ICT Authority.

Presidential Digital Talent Internship For Kenyan Graduates Will Be Tutored By Oracle And ICT Authority.

10 months ago
Nigeria’s Bitcoin Trade Drops By $11.84 Million As Bitcoin Sheds 10.22% In Value

Nigeria’s Bitcoin Trade Drops By $11.84 Million As Bitcoin Sheds 10.22% In Value

1 year ago

FOLLOW US

  • 70.9k Followers

BROWSE BY CATEGORIES

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa

BROWSE BY TOPICS

5g acquisition africa app banking CBDC cbn central bank of nigeria cloud cryptocurrency Crypto market cybersecurity e-commerce e-naira east africa ecommerce economy enterprise fintech funding Fundraising google government inec internet investment kenya License microsoft mtn ncc nigeria Nigerian Communications Commission Regulator remittance ride hailing seed social media software south africa startup technology telecom twitter west africa

Featured Categories

App
19 Posts
View Posts
Banking
17 Posts
View Posts
Business
7 Posts
View Posts
Cryptocurrency
27 Posts
View Posts
Cybersecurity
13 Posts
View Posts
East Africa
23 Posts
View Posts
Economy
18 Posts
View Posts
Enterprise
31 Posts
View Posts
Event
9 Posts
View Posts
Fintech/Finance
83 Posts
View Posts
Funding
29 Posts
View Posts
Gadget
11 Posts
View Posts
Government
55 Posts
View Posts
Insight
4 Posts
View Posts
Internet
20 Posts
View Posts
Investment
18 Posts
View Posts
Nigerian/African Tech
31 Posts
View Posts
North Africa
2 Posts
View Posts
Personnel
2 Posts
View Posts
Research/How to do it
2 Posts
View Posts
Service
8 Posts
View Posts
Social Media
19 Posts
View Posts
Southern Africa
17 Posts
View Posts
Startup
83 Posts
View Posts
Telecom
36 Posts
View Posts
Transport
11 Posts
View Posts
Uncategorized
2 Posts
View Posts
West Africa
41 Posts
View Posts
No Result
View All Result
Loading
  • Audi South Africa
    Audi Invest R45 Million In South Africa To Deploy EV Charging Infrastructure.
    • February 1, 2023
  • Starlink Nigeria.
    Elon Musk’s Starlink Satellite Internet Service Finally Debuts In Nigeria.
    • February 1, 2023
  • Amazon & Stripe
    Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.
    • January 25, 2023
  • Airtel eSIM
    Airtel Launches eSIM Technology In Nigeria
    • January 25, 2023
  • Mafab Communication Debut 5G Cellular Data In Nigeria.
    • January 24, 2023
TechBooky Africa

We bring you the best Premium WordPress Themes that perfect for news, magazine, personal blog, etc.

Follow us on social media:

Recent News

  • Audi Invest R45 Million In South Africa To Deploy EV Charging Infrastructure.
  • Elon Musk’s Starlink Satellite Internet Service Finally Debuts In Nigeria.
  • Stripe & Amazon Iterated Partnership Deal Will Integrate FinTech & Cloud Services For Global Penetration.

Category

  • App
  • Banking
  • Business
  • Cryptocurrency
  • Cybersecurity
  • East Africa
  • Economy
  • Enterprise
  • Event
  • Fintech/Finance
  • Funding
  • Gadget
  • Government
  • Insight
  • Internet
  • Investment
  • Nigerian/African Tech
  • North Africa
  • Personnel
  • Research/How to do it
  • Service
  • Social Media
  • Southern Africa
  • Startup
  • Telecom
  • Transport
  • Uncategorized
  • West Africa
  • Home
  • TechBooky
  • Business
  • Video
  • Contact Us

© 2022 Techbooky Africa .

No Result
View All Result
  • Home
  • TechBooky
  • Business
  • TV
  • Startup

© 2022 Techbooky Africa .

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In