Monday
May 17
2021

Amazon, Safaricom Explore Enabling M-Pesa Wallets on Amazon

The move comes out of Safaricom’s global expansion efforts to recover from its first profit decline in 10 years, according to the report.

“M-Pesa accounts for about a third of Safaricom’s revenue, and East Africa’s largest company sees the financial-technology product as key to future growth,” the report stated. “The carrier already has partnerships with a unit of China’s Alibaba Group Holdings Ltd. and PayPal Holdings Inc.”

Source: PYMNTS (link opens in a new window)

Categories
Finance
Tags
coronavirus, e-commerce, emerging markets, financial inclusion, financial services, mobile money, technology