Safaricom upgrades system for faster mobile banking

Safaricom CEO Bob Collymore says customers will start to experience fast turnaround time in mobile banking. Photo/FILE

Customers of mobile banking will be able to transact in real time after Safaricom upgraded its systems to reduce the turnaround time for transactions that go through its mobile money transfer service M-Pesa.

The telco said the upgrade of its Application Programmable Interface (API) has reduced the turnaround time to less than 30 seconds from the previous average of two hours.

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