What is M-PESA? M-PESA Review, Features

M-PESA is the most successful mobile payment service in Africa and the largest financial technology platform in the region. Its service scope is very wide and can be divided into four aspects: core services, financial services, merchant services and digital services. It is further refined into nearly 20 services such as transfers, cash withdrawals, retail payments, lending, insurance, salary distribution, APIs, etc.

About M-PESA

• Launched on March 6, 2007 by Vodafone's partner in Kenya, Safaricom, M-PESA is Africa's leading mobile money service with over 604,000 active agents in the Democratic Republic of Congo (DRC), Egypt, Ghana, Kenya, Lesotho, Mozambique and Tanzania.

• M-PESA is a comprehensive financial services platform that integrates electronic retail payments, virtual savings accounts and virtual credit. It is an important tool for Kenya to achieve financial inclusion and digitalization.

• Due to its security and unparalleled convenience, M-PESA is the preferred method of making payments for both banked and unbanked people across the African continent, and it also provides financial services to the millions of people who have mobile phones but do not have bank accounts or have limited access to banking services.

• Today, M-PESA provides over 51 million customers in seven countries across Africa with a safe, secure and affordable way to send and receive money, top up airtime, pay bills, receive wages, obtain short-term loans and more.