Lipa Na M-Pesa
Safaricom to Start Hiding Identity of Subscribers on Lipa na M-Pesa
Sourced from Tech Weez. Safaricom will start hiding contact details of customers making payments through Lipa na M-Pesa at the end of June to curb trade and leaking of personal information to advertisers and fraudsters. “Pursuant to the Data Protection Act 2019 which came into law on 25th November 2019, Safaricom will be changing how they share data with Lipa Na M-Pesa Partners in general,” says Safaricom, East Africa’s largest telecom group, about its new privacy shift. According to Business Daily, the telco will only display the first name of subscribers who are making payments through the platform and a few digits of their phone number. Safaricom seems to be adopting the same model as the one used by banks in Kenya, in line with the data protection law, which was enacted in 2019 to prot...
mySafaricom App Launches on the Huawei App Gallery
Sourced from Tech Weez. The Safaricom App is now available for download from the Huawei App Gallery. The app provides Safaricom customers with a user-friendly way to access the telco’s products and services. Through the app, users can: M-PESA SEND MONEY– Select their contacts directly from their phone book, Hakikisha the name of the person they are transferring money to and check the transaction charges before hitting the send button. LIPA NA M-PESA – Shop and pay for their bills with ease at their favourite stores. TOP-UP – Recharge their number or that of their loved ones by selecting numbers directly from their phone book. VIEW BALANCES – View their account balances for Data, Bonga, Airtime or Credit limit HOME FIBRE – Safaricom Home Fibre customers will be able to pay or change their H...
M-PESA is Close to a 99% Market Share in Kenya
Sourced from Tech Weez. As of 31 March 2020, the number of registered mobile money subscriptions in Kenya was 29.1 million. This space is dominated by Safaricom with M-PESA having a 98.8% market share. The Communications Authority of Kenya (CA) reports that Airtel Money comes in a far, far second at 1.1%, and third is T-Kash at a 0.05% share. Equitel, which is regarded more as a banking product than a mobile money service was not ranked by the CA. Launched in 2007, M-PESA has become a Kenyan stable, with Tech Weez writing that as of right now the service and its products are symbiotic with the country’s economy so far as to be impossible to run a business without it, or any other mobile money platform. M-PESA’s success has also firmly planted Kenya in the world map, the service is consider...
