M- PESA or Mobile Money

M- PESA or Mobile Money
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Established on 6th March 2007 by Vodafone's Kenyan associate, Safaricom, M-Pesa (M for mobile, pesa is Swahili for money) is Africa's leading mobile money service, which operates in the Democratic Republic of Congo, Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania.

It provides access to financial services to the millions of people who have a mobile phone, but do not have or have only limited access to a bank account. M-Pesa provides people with a safe, secure and affordable way to send and receive money, top-up airtime, make bill payments, receive salaries, get a short-term loan and oter financial services.

 

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Vodafone / Safaricom (private sector)