M-Pesa taps into diaspora cash

Safaricom chief executive Bob Collymore (left) and MoneyGram International CEO Pamela Patsley during the signing of the MoneyGram-Safaricom partnership at the Nairobi Serena Hotel on November 5, 2014. The deal will allow direct transfer of money from 90 countries to M-Pesa subscribers. PHOTO | SALATON NJAU |

What you need to know:

  • The service now makes it possible for Kenyans to receive money directly into their mobile phones.
  • M-Pesa has about 12.8 million active customers in Kenya.

M-Pesa customers can now receive cash directly to their phones from more than 90 countries after Safaricom signed a deal with an American money transfer firm.

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