JOHANNESBURG – Vodacom and Safaricom announce that they have completed the acquisition of the M-Pesa brand, product development and support services from Vodafone through a newly created joint venture.
The transaction, which was first announced in 2019, will accelerate M-Pesa's growth in Africa by giving both Vodacom and Safaricom full control of the M-Pesa brand, product development and support services as well as the opportunity to expand M-Pesa into new African markets.
M-Pesa is the largest payments platform on the African continent, it has 40 million users and processes over a billion transactions every month. M-Pesa is operational in Kenya, Tanzania, Lesotho, Democratic Republic of Congo, Ghana, Mozambique and Egypt. Currently around 25% of all M-Pesa customers have access to a smartphone – a figure that is growing by 10% every year.
"M-Pesa is hugely successful and enables millions of unbanked people in Africa to transfer money, pay bills and trade. It benefits communities and helps create a multitude of small and micro-business ventures. However, with the rapid increase in smartphone penetration, the evolution into financial services and the potential for geographical expansion, we believe the next step in M-Pesa’s African growth will be more effectively overseen by Vodacom and Safaricom," Nick Read, Vodafone Group CEO said.
The disposal of the M-Pesa brand, support and product development services to Vodacom and Safaricom is broadly financially neutral for Vodafone Group.
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With the trend to extreme cellular capacities, new generations of advanced antennas have evolved, adding new possibilities and claiming crucial roles in building efficient 5G networks.
This webinar looks at the key network infrastructure decisions that mobile operators will need to make as they place their 5G plans, with a particular focus on the latest antenna technology and the benefits of beamforming.
It looks at:
How spectrum, land topography and traffic affect your 5G RAN designs.
The rise of beamforming antennas: why, which, when and where?
Under the hood: building a Massive MIMO beamforming antenna.