Monday, April 25, 2016

Vodafone M-Pesa Mobile Money Has 25 Million Active Users

Vodafone’s M-Pesa mobile money business has exceeded 25 million active users across Africa, Asia and Europe, Vodafone says.

Across markets in Africa, Asia and Europe, active customers of M-Pesa increased by 27.1 percent in the year ended 31 March 2016, boosted by market launches in Albania and Ghana and supported by a network of more than 261,000 agents in 11 M-Pesa countries.

In India, M-Pesa enables Indian customers to pay for goods on Ebay, for taxis with TabCab and to book train tickets on India’s national railways.  Enterprises including Walmart are using M-Pesa in India to improve cash management and business efficiency, Vodafone says.

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