Mobile money goes global: M-PESA unites with Western Union

By Bizclik Editor

Written By: Melissa Rudd


Safaricom has united with Western Union on a deal to enhance its M-PESA service further across the globe.

More than 80,000 Western Union Agent locations in 45 countries worldwide can now be used to send money directly to M-PESA customers, of which there are 13.5 million in Kenya.

The alliance means it has become one of the first services of its kind in the world.


To read the latest edition of African Business Review, click here.

Can Durban 2020 live up to the success of the World Cup?
How to raise an online profile in Africa

Africa’s telecoms movers and shakers

The mobile money transfer service, which launched in 2007, has become a resounding succes and is now available in more than 10 African countries including Benin, Botswana, Burkina Faso, Cameroon, Mali, Niger, Rwanda, Senegal, Uganda and Zambia.

Safaricom said that the funds would be delivered to the mobile wallets of M-PESA customers “in minutes”.

Kenyans working abroad have continued to embrace the service, and according to the Central Bank of Kenya, Kenyans living outside their home country sent US$642 million home in 2010. This was an increase of $31m from 2009, when US$609m was transferred.


Featured Articles

Musk’s multibillion hostile Twitter takeover – the timeline

As billionaire entrepreneur Elon Musk buys Twitter for US$44bn, we draw up a timeline, from the buying of shares to the critical tweets and unsolicited bid

Sustainable moves businesses can make to win customers, IBM

With half of consumers saying environmental sustainability is more important today than a year ago, businesses should up their eco action, says IBM report

Banks and consultancies top workplaces to grow career in UK

Financial and professional services firms rank highest in LinkedIn Top 25 best workplaces list – from Barclays, Lloyds and HSBC, to PwC, Deloitte and EY

Top 10 women in technology in Europe

Leadership & Strategy

The value of ESG links sustainability to business returns


Top 10 European football clubs by revenue 2022 – Deloitte

Corporate Finance