Connect with us

Hi, what are you looking for?

Capital Business
Capital Business
Safaricom has partnered with Tanzanian mobile service operator Vodacom to enable seamless transactions between Kenya's nearly 20 million M-PESA customers and Tanzania's 7 million M-PESA customers/FILE

Kenya

M-PESA customers can send, receive money from Tanzania

Safaricom has partnered with Tanzanian mobile service operator Vodacom to enable seamless transactions between Kenya's nearly 20 million M-PESA customers and Tanzania's 7 million M-PESA customers/FILE

Safaricom has partnered with Tanzanian mobile service operator Vodacom to enable seamless transactions between Kenya’s nearly 20 million M-PESA customers and Tanzania’s 7 million M-PESA customers/FILE

NAIROBI, Kenya, Mar 9 – Safaricom’s M-PESA customers will be able to send and receive money from Tanzania, in a move that is aimed at deepening financial inclusion and give a further boost to the regional integration agenda.

Safaricom has partnered with Tanzanian mobile service operator Vodacom to enable seamless transactions between Kenya’s nearly 20 million M-PESA customers and Tanzania’s 7 million M-PESA customers.

“This is a new chapter in the continuing growth story of M-PESA. Enabling transactions between Kenya and Tanzania will make more convenient for individuals to transact across borders and unleash the transformative power of a first of its kind cross-border payment system,” said Safaricom’s CEO Bob Collymore.

“The partnership will begin the journey for our over 7 Vodacom subscribers to send money to M-PESA subscribers and vice versa using the service and boost the volume of transactions and trade between the two countries,” said Rene Meza, CEO, Vodacom Tanzania.

With presence in 10 countries; Kenya, Tanzania, South Africa, Lesotho, DRC, Egypt, Mozambique, India, Romania, and Fiji, M-PESA has emerged as the most compelling mobile-money proposition catering for both individual and corporate transactions.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...