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M-Pesa joint venture in first Sh102m profit
A phone owner using Safaricom's My One App. The telco has updated its recently launched all-in-one mobile application to allow customers using Wi-Fi and rival mobile networks’ data to access services.
Safaricom and its South African parent Vodacom Group have made a profit from operations on their M-Pesa Africa joint venture for the first time as the platform hit 60 million users across Africa.
M-Pesa Africa controls the mobile money platform’s brand on the continent, licensing the telcos to operate it in eight countries through Safaricom, Vodacom and Vodafone.
