M-PESA hits a major milestone of 50 million active subscribers.
Mpesa is a mobile banking service that allows users to store and transfer money through their mobile phones. 14 years ago, M-Pesa was launched in Kenya as an alternative way for the population of the country to have access to financial services. Today, the brand’s presence span across Uganda to Tanzania to Lesotho, DRC, Egypt, and Ghana. Safaricom and Vodafone co-launched M-Pesa in 2007 for the instant sending of money by customers to each other.
Since inception, M-Pesa has stayed progressive on its journey to stardom. In September 2021, M-Pesa’s subscribers grew to 50 million active monthly customers . This milestone re-enforces the brand’s position as Africa’s largest fintech.
SOMETHING TO LOOK FORWARD TO.
Currently, M-Pesa Africa is working towards offering digitized platforms; an avenue to make the Continent’s digital ecosystem thrive. before now, M-Pesa had its M-Pesa Super App across all markets it serves. The app provides modern and secure ways to transaction with your smartphones. M-Pesa’s open API is used by over 45,000 developers and 200,000 businesses. Monthly, thousands of businesses transact over $7 billion monthly on M-Pesa.
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