The M-Pesa is a mobile phone-based money transfer, financing, and micro-financing service. M-Pesa was first launched in 2007 by Vodafone for Safaricom in Kenya. It has since been exported to Afghanistan, Bangladesh, Ghana, India, Lesotho and Nigeria.
What is M-Pesa money transfer in South Africa?
M-Pesa is a mobile phone-based money transfer and micro-financing service for Safaricom subscribers in Kenya, Tanzania, Uganda, and South Africa. The service was launched in 2007 by the Kenyan company Safaricom with Vodafone as a partner. It was first introduced to the Kenyan market as a pilot project in 2007 before being rolled out nationwide in 2008. M-Pesa is used by about 18 million people across Kenya, Tanzania, Uganda, and South Africa.
