Safaricom in talks with five firms on M-PESA's future

Bob Collymore, CEO, Safaricom

Mobile service provider Safaricom has announced that it is in discussions with five companies to broaden the availability of M-PESA services.

The operator said it is close to finalizing the process of increasing the mobile money platform’s interoperability with the five firms — which it did not name — in the next one year as it “seeks more ways to deepen financial inclusion”.

“We see this as a natural progression given the growing uptake of mobile money in the economy. We plan to close this process within the next 12 months,” said Safaricom Chief Executive Bob Collymore.

Currently, several operators in the technology space already have in place comprehensive infrastructure-sharing agreements, which have been negotiated according to the commercial needs of each operator.

Read more: Kenya : Safaricom in talks with five firms on M-PESA’s future – The Standard