Total 30 Posts
Safaricom and Google have entered into a partnership that aims to empower one million Kenyans to acquire a 4G enabled smartphone and increase data consumption for Safaricom and empower the phone user to do much more than is possible on a feature phone.
Vodafone Group has concluded the sale of M-Pesa to Vodacom Group and Safaricom. Before the conclusion of this deal, Safaricom paid Vodafone in the UK royalties and license fees for using M-Pesa.
The adoption of mobile money for small payments should be a game-changer in the long run. While mobile money is thriving in Kenya, it majorly works as a means of sending money, but not efficient for paying small amounts of money due to associated costs.
With the advent of mobile phones and increased Internet penetration, the borrowing of money has been shifting from traditional channels to electronic channels. This has come with its problems.