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M-Pesa transactions surpass Western Union moves across the globe

Discussion in 'Biashara, Uchumi na Ujasiriamali' started by Codezilla, Oct 21, 2011.

  1. Codezilla

    Codezilla Member

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    Safaricom has had more transactions using M-Pesa than what its global rival, Western Union, has moved across the world.

    M-Pesa, which allows mobile phone subscribers to transmit as little as Sh50 in seconds, was a first in the world and is now being emulated by countries like South Africa, India and Afghanistan which have launched similar money transfer services.“M-Pesa now processes more transactions domestically within Kenya than Western Union does globally, and provides mobile banking facilities to more than 70 per cent of the country’s adult population,” says the International Monetary Fund in its October outlook on the African economy.

    14 million customers

    M-Pesa was launched in March 2007 and now boasts of over 14 million customers and about 28,000 agent outlets across the country.

    The World Bank has since then picked former Safaricom CEO, Michael Joseph, to help replicate this model in developing countries, as way of fighting poverty and deepening financial services.

    In Kenya, the value of M-Pesa transactions since 2007 to March topped Sh828 billion or half of the country’s GDP and last years’ worth of business reached Sh47 billion.
     
  2. Roulette

    Roulette JF-Expert Member

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    Big ups Safaricom and M-pesa!
     
  3. L

    LAT JF-Expert Member

    #3
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    m-pesa wakitaka kumaliza kabisa waanzishe international transfers, charges za western union na wire transfer za mabenki ni kubwa sana

    please m-pesa do this and you will never regreat
     
  4. simplemind

    simplemind JF-Expert Member

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    Ukweli mtupu! You hit the nail on the head.
     
  5. mfianchi

    mfianchi JF-Expert Member

    #5
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    Western Union wana urasimu sana sijui upeleke vithibitisho ,mara sijui usitume zaidi ya kiasi fulani ,pia kwa hapa Tz ni kuwa hiyo huduma inapatikana kwenye mabenki tu,tofauti na M-pesa amabyo inapatika hata Litumbanjosi
     
  6. Codezilla

    Codezilla Member

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    Mkuu,
    Walishaanzisha sometime back last year..you can actually receive money from USA,UK,CANADA,INDIA, via M-PESA
     
  7. simplemind

    simplemind JF-Expert Member

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    Can you receive and send across East Africa?
     
  8. L

    LAT JF-Expert Member

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    mkuu, do you mean i can send money from my m-pesa mobile account throgh m-pesa to another mobile phone subscriber visa versa?

    tafadhali naomba unijuze , how? using which currency? and what are the charges?
     
  9. U

    Ulimakafu JF-Expert Member

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    Wanasaidia sana hao.
     
  10. Codezilla

    Codezilla Member

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    ...Here is a very useful link to expound more the above mentioned subject Safaricom -Send money from the UK to Kenya
    regards
     
  11. L

    LAT JF-Expert Member

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    mkuu , asante sana kwa info

    hapo kwenye m-pesa ya safaricom utaona bado western union wanahusika kwa kuwa wapo involved in sending the money, yes the charges may still be high
     
  12. i

    ipogolo JF-Expert Member

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    Oct 22, 2011
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    Unazungumzia safari-com na M-pesa je sisi wa tanzania tuliopo tz tutafaidika vipi na huduma hiyo? east afrika hatujawa na sarafu moja kwa mtazamo wangu huduma ya m pesa kwa afrika mashariki au nje ya mipaka ya tanzania haijawa tayari. zipo taratibu za kifedha zinahitajika miongoni mwa makampuni husika kwa kuzishirikisha BOT(Tz) na CB (kenya) usikopi maandishi kutoka vyanzo vingine bila ridhaa. that is piracy.
     
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