MPESA
M-Pesa, launched in 2007, has evolved from a simple mobile money transfer tool into a core component of Kenya’s digital economy. The platform, operated by Safaricom, currently serves 40 million monthly active users, integrating payments, savings, credit, and investment tools into daily financial life. Early Years and Expansion of Services M-Pesa initially focused on enabling […]
Safaricom, Kenya’s largest telecommunications provider, has addressed concerns regarding unexplained deductions from M-PESA user accounts. The company attributes these transactions to pre-approved standing orders related to payments for the new health levy. The clarification comes after numerous customers reported noticing funds being withdrawn from their M-PESA wallets without a confirmation screen appearing, raising concerns about […]
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