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Wednesday, October 14, 2009

M-PESA mobile money comes to the UK

In March 2007, Vodafone and its Kenyan network partner Safaricom launched a mobile money transfer product called M-PESA. Since then, M-PESA has transferred around £2 billion between customers in Kenya.

Following a three-month trial, M-PESA has now been extended by Safaricom to the UK. This means Kenyans can receive money from friends and family in the UK directly to their M-PESA accounts. It also makes Safaricom the first company to offer a mobile-based international money transfer service.

To send money using M-PESA, people need to visit a participating money transfer agent and give them the recipient’s name, Kenyan mobile number and the amount being sent. A transaction fee is payable by the sender; the money is then transferred to the recipient as Kenya Shillings. Money received via M-PESA can be withdrawn at an M-PESA agent or used to pay bills directly from the M-PESA account. [Press release]

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1 comments on article "M-PESA mobile money comes to the UK"

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Ken Chege

10/15/2009 9:38 PM

I am excited with this offer but I have been using this service and would say it really works using mobile banking again to Kenya.

www.tumapesanyumbani.com

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