Safaricom to launch new M-Pesa platform
14 November 2012, 10:09
Nairobi - Safaricom is set to start hosting its mobile money platform locally in a move expected to reduce the system’s downtimes and improve efficiency.
According to Daily Nation, the new platform will at first be tested in Eastern Europe, a less vulnerable market than Kenya where the system serves about 15 million customers with over 270 transactions per second.
Currently, M-Pesa is hosted and managed in Germany by Vodafone Group Plc, the biggest shareholder of Safaricom with a 40 per cent stake.
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