Tag: M-Pesa

M-Pesa Pushing Against Tax Hike on Mobile Money Services in Kenya

M-Pesa Pushing Against Tax Hike on Mobile Money Services in Kenya

Business, Governance
A proposed tax increase on mobile money transfers in Kenya is drawing protests from several services, including M-Pesa. As part of a new tax proposal to raise government revenues, Kenya’s government is pushing to raise duties on mobile cash transfers by 2%. The government expects to net around $270 million in additional revenues and claims the extra income will fund a universal health care program to cover all households by 2022. But Safaricom-owned M-Pesa says the move could take a big toll, as it will “negatively impact mobile-led transfer services and payments” and reverse the gains of financial inclusion by making it more expensive to conduct business transactions and make payments using mobile money services. Since it was launched in 2007, M-Pesa, the largest mobile money
Leveraging Innovative Solutions For Bridging The Digital Divide

Leveraging Innovative Solutions For Bridging The Digital Divide

Business, Mobile, Technology
Mobile telephony is changing Africa, for the better. Once called the Dark Continent, the mobile phone revolution has lightened up the possibilities of economic prosperity in Africa. According to GSMA Mobile Economy Africa Report 2016, in 2015 mobile technologies and services generated 6.7% of GDP, or $150 billion, in Africa and this is further likely to increase to 7.6%, or $210 billion, by 2020 as mobile services increase productivity. Mobile phones have not just transformed the way people communicate long distance, they have also changed the way they make financial transactions. If there is one real example of how mobile money has transformed the lives of people, it is Kenya’s M-Pesa. An MIT study last year found that M-Pesa has lifted 2% Kenyan households out of poverty between 2008
M-PESA to experience interruptions as Safaricom upgrades

M-PESA to experience interruptions as Safaricom upgrades

Mobile, Technology
Safaricom, a telco giant in kenya has announced interruptions of its mobile money platform to pave way for an upgrading programme. This marks the third major upgrade since M-PESA’s launch 10 years ago, and the first such upgrade since the platform was moved from Germany to Kenya in 2015. According to a press release released by Safaricom, all M-PESA services will be unavailable for a period of two hours on 30th June 2017, from 1.00 A.M. to 3.00 AM. International Money Transfer (IMT), KCB M-PESA, M-Shwari and M-Kesho services will be unavailable on 5th July 2017 for a period of two hours, from 1.00 A.M. to 3.00 AM. In mid-July, Safaricom will conduct the changeover to the new platform, resulting in a 12 hour outage. A number of M-PESA services will also be sequentially withdrawn in the le
Safaricom Rebrands  logo & Tagline after 17 years

Safaricom Rebrands logo & Tagline after 17 years

Mobile, Technology
Safaricom has been at the forefront of Kenya’s mobile communication needs for almost two decades now. From the days of lining up for hours in order to access the ‘Simu Ya Jamii’ to getting your first phone which had to be sustained by airtime of over 500 Bob to a time where we can access mobile loans in seconds just shows that nothing is impossible with Safaricom. The Telco Giant launched a new logo, not so different from the old one and dropped its long-time tagline, “the better option” for “Twaweza”, a Swahili word, meaning we can. With the new changes, Safaricom’s CEO, Bob Collymore said that the telco giant was now focused on building a more human network that leverages the strength of their talent. We are now able to connect to other parts of the world at incredible speeds t
More Africans adopt banking services through mobile phones

More Africans adopt banking services through mobile phones

Business, Mobile
The IMF told the AFP at a recent conference on promoting access to financial services in Dakar, Senegal, that Africans are “leading in the world” in their uptake of mobile banking services. And according to Pakistan’s Daily Times, more Africans are using the banking services offered through mobile phone companies, and many experts believe that this trend will reduce poverty. Those using mobile services are not just those in urban areas; people in remote villages are also using mobile services. In many areas, the roads are in such poor condition that contacts who carry cash to villages are unable to reach many of the rural inhabitants. Cash deposits are therefore made at kiosks, and money is sent via text in many areas by those who have no access to traditional bank accounts. Mitsu