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M-Pesa hardens Africa grip with Sh43.3 trillion deals in 12 months

Cash handled by mobile money agents crossed the Sh700 billion mark for the first time in July. FILE PHOTO | NMG

By  Edna Mwenda

Business Reporter

Nation Media Group

Mobile money platform M-Pesa has entrenched its dominance in Africa, processing deals worth Sh43.3 trillion in the 12 months that ended September.

The broader performance of M-Pesa has been disclosed by South African multinational Vodacom Group Limited which owns a 35 per cent stake in Safaricom –the pioneer of the mobile money service.

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