Michael Joseph News

Bob Collymore, CEO, Safaricom

Vodafone slams proposed split of Kenya's M-PESA as 'ridiculous'

Safaricom Ltd, East Africa’s biggest mobile-phone company, would have to reconsider future investment in Kenya if proposals to break up the company are implemented.

M-PESA

Vodafone M-PESA and MTN Mobile Money agree to interconnect mobile money services

Customers of M-Pesa and MTN Mobile Money in East Africa will be able to transfer money to each other following an agreement between Vodafone Group and MTN Group to interconnect their mobile money services.

A customer transfers cash to his mobile phone in Kenya's capital Nairobi

Mobile Money: The Battle for Africa

As enthusiasm for mobile-phone-based payments grows in Africa, operators are rushing to get a piece of potentially lucrative and ever-expanding markets and to challenge more popular and established mobile-payment services, such as Kenya’s M-Pesa.