Kenya’s banks are aiming to compete with M-Pesa mobile money transfer with their own product, PesaLink. Their plan is to undercut M-Pesa on fees, but they will ...
M-Pesa is Kenyan mobile, phone-based payment service provider for the mobile companies’ customers. M-Pesa is a money transfer service that, additionally, provides financing and micro-financing operations. The company was launched in 2007 by the two largest mobile network operators in Kenya and Tanzania. In 2013, M-Pesa in Africa became available for money transfers in Bitcoin, which are very popular among Kenyan and other African countries’ citizens due to their national currencies’ hyperinflation. Initially, M-Pesa was developed for Kenyan and other African citizens who don’t have access to ATMs or bank accounts to send or receive money, but the service has now reached Afghanistan and some European countries.
- Circle Sheds 10% of Workforce as CEO Blames Restrictive US Regulatory Climate
- Crypto Merchant Bank Galaxy Digital Sells Shares in EOS Creator Block.One for $71 Mln
- Bitfinex and Tether Move for Case Dismissal Over Lack of Jurisdiction
- Bitcoin Approaches $8,000 as Bitcoin SV Doubles in Value
- Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 20