M-Pesa users will be able to send and receive money from 19 African countries and beyond.
This follows the signing of an agreement between Vodafone group and MTN Group which will allow their subscribers across their markets to transact business via the mobile money transfer platform.
In a statement by Vodafone’s Director of Mobile Money Michael Joseph has said the agreement with MTN will initially see seven countries in East Africa interconnected to the mobile money services offered by the two companies.
This collaboration between the region’s two biggest mobile money operators will enable convenient and affordable international remittances between 19.5 million M-Pesa customers in Kenya, Tanzania, the Democratic Republic of Congo and Mozambique, and MTN Mobile Money customers in Uganda, Rwanda and Zambia.
On his part MTN Group Head of Mobile Financial Services, Serigne Dioum expressed optimism saying that with the successful launches in Ivory Coast and Benin in West Africa, he was enthusiastic that their co-operation with Vodacom would see more countries included.
