Safaricom invests Sh407m in M-Pesa global business

A customer at an M-Pesa outlet in Nyeri. FILE PHOTO | NMG

What you need to know:

  • Safaricom says the international money transfer business, branded M-Pesa Global, handled Sh101 billion or a third of all diaspora remittances into the country in the year ended March.
  • The platform allows customers to send and receive money, make payments and participate in international e-commerce through partnerships with other payment platforms.

Safaricom has invested Sh407 million in its international mobile money transfer business as part of the company’s efforts to expand the usage of the M-Pesa platform.

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