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M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
M-PESA (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and micro financing service, launched in 2007 by Vodafone for Safaricom and Vodacom. M-PESA was originally designed as a system to allow microfinance-loan repayments to be made by phone, reducing the costs associated with handling cash.
In March 2007, Safaricom, which is part owned by Vodafone and the leading mobile communication provider in Kenya, launched mobile payment software developed by Vodafone. [211] By February 2008, the M-PESA money transfer system in Kenya had gained 1.6 million customers. [212]
Country code. +233. International access. 00. Long-distance. 0. The Ghana telephone numbering plan is the system used for assigning telephone numbers in Ghana. It is regulated by the National Communications Authority, which holds responsibility for telecommunications . Since 1 May 2010, all fixed-line numbers and mobile numbers have 9 national ...
The consumer can purchase goods, transfer money to a peer, cash out, and cash in. [55] A 'mini wallet' account can be opened as simply as entering *700# on the mobile phone, [56] presumably by depositing money at a participating local merchant and the mobile phone number. Presumably, other transactions are similarly accomplished by entering ...
Mobile Money is a mobile payments system based on accounts held by a mobile operator and accessible from subscribers' mobile phones. The conversion of cash into electronic value (and vice versa) happens at retail stores (or agents). All transactions are authorised and recorded in real-time using SMS . In 2008, a Ugandan software developer named ...
Vodacom Tanzania Limited is Tanzania's leading cellular network company. As of December 2020, Vodacom Tanzania had over 15.6 million customers and was the largest wireless telecommunications network in Tanzania. [ 4] Vodacom Tanzania is the second telecom company in Africa, after Vodacom, to switch on its 3G High-Speed Downlink Packet Access ...
Vodafone Ghana, formerly Ghana Telecom, is the national telecommunications company of Ghana. As of January 2020, it had around 9.3 million mobile voice subscribers, representing 13.81% of the Ghanaian market shares. [1]