More than 8,300 agents ditch M-Pesa on restricted till location

M-pesa sign along Banda Street on January 9, 2024. 

Photo credit: Lucy Wanjiru | Nation Media Group

Safaricom’s M-Pesa has recorded its first ever decline in the number of agents following the introduction of a new policy that locks tills to specific locations to combat fraud.

Under the concept known as geo-locking, Safaricom only allows M-Pesa agents to operate tills within designated geographical locations.

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