Tag: mobile money

Mobile money competition rises with the introduction of Visa payment service

Mobile money competition rises with the introduction of Visa payment service

Technology
Kenya is one of the most attractive markets for mobile money because of the success of Mpesa, launched by Safaricom, which is 40 per cent owned by Vodafone, nine years ago. Visa, the world’s largest payment company, has taken the competition for mobile money service a notch higher with the launch of mVisa that enables Kenyans use mobile phones to transact cash and make payments. The payment service platform has partnered with four banks in Kenya to launch a mobile phone payments platform that will mount the first credible challenge to the country’s dominant Mpesa system. The rollout of the service will enable Kenyans make free domestic mobile money transfers using mVisa. The daily limit for person to person transfers is set to be Sh250,000 with the per transaction limit being
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
Safaricom goes digital with the launch of M-pesa smart card

Safaricom goes digital with the launch of M-pesa smart card

Technology
Kenya’s largest mobile service provider, Safaricom, has launched the much anticipated M-Pesa payment cards which was unveiled during the announcement of the Safaricom FY Results, 2017. The Safaricom smart card looks more like the Debit and Visa Cards but the functionalities are not the same . The card allows  for payment of services and goods instantly. Dubbed M-Pesa 1 Tap, this payment solution package includes a Wrist band and NFC badge. First launched successfully as a Pilot in Nakuru, M-Pesa 1 Tap will be rolling out country-wide with about 500,000 point of sale (POS) payment points in bars and restaurants, retail shops, fuel stations, among others. This is going to change everything. The M-PESA Card is linked to a user's M-PESA account. Therefore, before using the M-PESA Card
Why Kenyans Rely On Mobile money Services

Why Kenyans Rely On Mobile money Services

Mobile
PAYING for a taxi ride using your mobile phone is easier in Nairobi than it is in New York, thanks to Kenya’s world-leading mobile-money system, M-PESA. Launched in 2007 by Safaricom, the country’s largest mobile-network operator, it is now used by over 17m Kenyans, equivalent to more than two-thirds of the adult population; around 25% of the country’s gross national product flows through it. M-PESA lets people transfer cash using their phones, and is by far the most successful scheme of its type on earth. Why does Kenya lead the world in mobile money? Before we look into the intricacies of this question, it is apparent that the Kenyan economy is deeply integrated with Mpesa services and in extension, our lives in general. In order to assess the depth of this dependence, there is need t
Safaricom announces MPesa app for smartphones

Safaricom announces MPesa app for smartphones

Technology
To further increase the convenience of it's mobile money service M-PESA, Safaricom has announced a number of initiatives as it continues to extend the gains of M-PESA ten years after its launch in Kenya. Safaricom recently announce the availability of M-PESA functionality in the mySafaricom App, which will see the more than 24 million M-PESA customers and especially the 8m smartphone owners enjoy the convenience of transacting from their Android and iOS smartphones. The Mpesa app enables customers to select contacts from their phone when sending money and has a vastly improved implementation of the name search function Hakikisha — which allows the sender to confirm the recipient before the money is sent. Additionally, Safaricom will implement a 50% tariff reduction for all Lipa Na M-PE