Kenyan Telecommunications giant Safaricom, had increased the per transaction limit on its mobile money platform M-Pesa, to Ksh 250,000 ($1,697). The telco said the move will see the addition of a new transaction band of Ksh 151,000 to Ksh 250,000…
Safaricom mobile phone-based money transfer payments and micro-financing service, M-Pesa, has increased customers’ daily transaction cap from $1,000 to $3,480 (KES 500,000). This increase is coming, following the approval of the Central Bank of Kenya (CBK), and will be effective…
Multinational transportation Network company that operates through a mobile app, Uber, has integrated M-Pesa, a mobile money service, to enhance a seamless payment process for riders in Kenya. M-Pesa announced on Wednesday that its strategic partnership Uber, will see riders…
M-Pesa, Africa’s largest fintech platform owned by Kenya’s largest telecommunications provider, Safaricom, has so far been remarkable for its pivotal role in the transformation of the Kenyan economy. M-Pesa (M for Mobile, Pesa for Money in Swahili), launched in 2007,…
Kenyan mobile phone-based money transfer service, payments, and micro-financing service, M-pesa has recorded a significant increase in revenue in the second quarter (Q2) 2023, which saw it grow by 34.4% ($106 million). The payment service which currently provides more than…
