Wednesday
April 27
2016

Vodafone M-Pesa Reaches 25 Million Customers Milestone

Vodafone M-Pesa now has more than 25 million active customers, marking another year of accelerated growth for the innovative mobile money transfer service, it was announced today.

Across markets in Africa, Asia and Europe, active customers of M-Pesa increased by 27.1% to 25.3 million in the year ended 31 March 2016, boosted by market launches in Albania and Ghana and supported by a network of more than 261,000 agents in 11 M-Pesa countries.

Vodafone Group Director of Mobile Money, Michael Joseph, said: “Since 2007, M-Pesa has enhanced the lives and livelihoods of people without bank accounts, giving them access to essential financial services through their mobile phones.

“I am delighted and proud that M-Pesa has reached the 25 million active customers milestone.  M-Pesa continues to expand, evolving beyond traditional money transfers to encompass savings and loans, payment of salaries and benefits, settlement of utility bills and school fees and to enable vital health and agricultural solutions.”

Source: Vodafone (link opens in a new window)

Categories
Technology
Tags
fintech, mobile money