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Safaricom launches innovation center to move beyond M-Pesa
Named Safaricom Alpha, a priority of the incubator is to identify spending patterns on mPesa and turn those insights into additional Safaricom products — according to Chief Innovation Officer, Kamal Bhattacharya.
- Categories
- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Is Safaricom Entering the Ethiopian Market?
"We wish to categorically state that we are not engaged in any conversations with Ethio Telecom on this matter. Any information to the contrary is completely inaccurate," CEO Bob Collymore told The East African.
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- Inclusive Fintech
- Region
- Sub-Saharan Africa
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Kenya: Concern grows over mobile money user information
According to Business Daily, Safaricom is already planning to introduce a platform that will host digital identification for customers.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Airtel loses 5 million mobile money users in Kenya in three months
The firm’s subscribers stood at 6.3 million in March, a decline from 6.8 million in December, which the regulator attributed to the revision of a popular offering by the operator resulting in customers slowing down on use of its products.
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- Uncategorized
- Region
- Sub-Saharan Africa
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Why mPesa will not be an instant hit in Nigeria
Having since expanded to 10 additional countries within and outside (Albania, Romania, Afghanistan and India) the African continent, mPesa has grown to a platform with over 29.5 million active customers and 287,400 agents. In 2016 alone, it processed about 6 billion transactions, at a peak rate of 529 transactions per second.
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- Technology
- Region
- Sub-Saharan Africa
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Safaricom Plans Mobile-Money Roll-Out After Vodafone Stake Sale
“Before the end of the year, I would expect to have something to roll out,” Collymore said June 8. Safaricom may seek to agree to platform-sharing deals with competitors such as MTN Group Ltd. to expand M-Pesa rather than set up in new countries, he said.
- Categories
- Technology
- Region
- Sub-Saharan Africa
- Tags
- fintech, Kenya, mobile money, Safaricom
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Safaricom sees lingering break-up threat
Safaricom is still facing the threat of being broken up as the Kenyan regulator weighs up a report on dominance in the country’s telecommunications industry, CEO Bob Collymore said. East Africa’s biggest company by market value may resort to court action to prevent it from being split, Collymore, 59, said in an interview Wednesday in the capital, Nairobi
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- Uncategorized
- Region
- Sub-Saharan Africa
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Safaricom is planning to expand M-Pesa mobile money across Africa
Vodacom says the proposed deal gives it access to a market with “high growth, high margin, high cash generation business.” Shameel Joosub, the Vodacom Group’s chief executive, said the stake will drive M-Pesa adoption across its business.
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- Technology
- Region
- Sub-Saharan Africa
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