An M-Pesa user in Ethiopia on average spends Sh0.50 a month in transaction fees, dimming the power of the mobile money service to grow Safaricom's profits.Investor disclosures for the nine months ...

For years, investors were required to open a Central Depository System (CDS) account with a stockbroker and only use M-Pesa for payment, not trading.

"All M-Pesa services are now available. We apologise for any inconveniences caused, and thank you for your patience as we worked to restore them," the firm said. This followed hours of inactivity on ...

Visa and Safaricom launch a virtual card to let M-Pesa users transact over Visa's network. Digital payments are quickly replacing cash in Africa—making the region an attractive destination for digital ...

The country's successful mobile banking and payments initiative, M-Pesa, turns 10, while the rest of the world plays catch-up. Katie is a UK-based news reporter and features writer. Officially, she is ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. The service has gone live three months after Safaricom secured ...

M-Pesa, the mobile phone-based African money transfer service owned by Kenya's Safaricom Plc, and Visa Inc launched a virtual payment card on Thursday in a bid to capture some of the continent's $40 ...

Everyone says their fintech will change lives. This one did. One of the world's most influential and important fintechs has just passed another milestone. Africa's first mobile payment service, M-Pesa ...

This content has been selected, created and edited by the Finextra editorial team based upon its relevance and interest to our community. Launched in Kenya on 6 March 2007 - originally as an idea part ...