Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce

Africa Roundup: Visa connects to M-Pesa, Flutterwave enters e-commerce

4 years ago
Anonymous $9CO2RSACsf

https://techcrunch.com/2020/05/04/africa-roundup-visa-connects-to-m-pesa-flutterwave-enters-e-commerce/

It seems the demand for Safaricom’s M-Pesa payment product never eases. Since its 2007 launch in Kenya, the fintech app has commanded over 70% of the mobile money market in that country. When COVID-19 hit the East African nation of 53 million in March, the Kenyan Central Bank turned to M-Pesa as a public health tool to reduce use of cash.

And last month, one of the world’s financial services giants — Visa — connected M-Pesa to its global network.