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August 12, 2022
Finance Technologies

Vodacom and Safaricom finalise M-Pesa acquisition

Vodacom and Safaricom have completed the acquisition of M-Pesa from Vodafone, including all brand, product development and support services rights. M-PESA processes more than a billion transactions a month First announced in 2019, the acquisition will see Vodacom and Safaricom seize full control of the company as both new owners plan on an expansion into new African markets. Its an internal move for Vodafone which has been a parent company of Vodacom since 2011, as it increased its stake to a majority over part-owner Telkom. M-Pesa is the largest payments platform on the African continent with 40 million active users.…
Vodacom and Safaricom finalise M-Pesa acquisition

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