M-Pesa notches up 50m customers

Fintech platform M-Pesa has reached 50 million monthly active customers, according to mobile network operator Vodacom. According to a statement released by the operator, the number of active M-Pesa customers has doubled in the past five years. The latest milestone also comes just 18 months after Safaricom and Vodacom launched the M-Pesa Africa joint venture to...

M-Pesa Africa Appoints New Managing Director

Safaricom’s M-Pesa Africa has appointed Sitoyo Lopokoiyit as its new Managing Director. He is a “mobile financial services expert who has directly managed mobile money in two of the largest markets in the world – Kenya and Tanzania,” reveals MyBroadBand. Lopokoiyit joined Safaricom in 2011 as head of M-Pesa strategy and business development. He then went...

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