M-Pesa service is expected to enable millions of mobile phone subscribers to send and receive money via their mobile phones, who do not have or have only limited access to a bank account.
Cenk Serdar, director of mobile payments at Vodafone Group, said: “Mobile technology in Africa has already improved the lives of millions simply by allowing them to communicate far beyond their immediate surroundings. It is now set to transform the way we send and receive cash. The successful take-up of M-Pesa in Kenya has clearly demonstrated the demand for easily accessible, secure payment services particularly in emerging markets.”
The M-Pesa service was developed by Vodafone and has already been deployed by Safaricom in Kenya, Vodacom in Tanzania and Roshan in Afghanistan (branded M-Paisa).
Vodacom, an African mobile communications company providing voice, messaging, data and converged services to more than 40 million customers, is majority owned by Vodafone.
