February 26

Vodacom Coining It With M-Pesa

By Xolisa Phillips

The Vodacom Group recently published its quarterly update, which showed 40% of its revenue is now derived from its international operations. This trend has been largely driven by demand in data and the M-Pesa service.

M-Pesa is a popular mobile money platform mainly used in Kenya, Tanzania, DRC, Lesotho, Mozambique, Ghana and Egypt. It was established by Kenyan network operator Safaricom. In 2019, 37 million active users conducted 11 billion transactions using the platform.

Photo courtesy of John Hogg / World Bank.

Source: The Africa Report (link opens in a new window)

fintech, telecommunications