M-Pesa not for sale yet, says Vodacom Group

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A M-Pesa shop on a street in Eldoret town, Uasin Gishu County. FILE PHOTO | JARED NYATAYA | NMG

South Africa’s telecoms operator Vodacom Group says it is not yet ready to sell part of its stake in mobile money platform M-Pesa, as rivals make moves to monetise their financial services.

Airtel Africa was the first to sell minority stakes in its continental financial service in 2021 through its subsidiary Airtel Mobile Commerce BV.

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