0
Wireless

Safaricom expects free M-Pesa transfers to be lifted by end of year

Thursday 10 December 2020 | 10:24 CET | News
Kenyan operator Safaricom expects to be able to end Covid-related price cuts at its M-Pesa business at the end of the year, Reuters reported. Safaricom CEO Peter Ndegwa told the news agency that it has seen nothing that says it should be longer. Safaricom's core first-half earnings dropped 10.5 percent year on year, hit by a 14.5 percent decline in M-Pesa revenue.

Thank you for visiting Telecompaper

Sign up below to get access to the rest of this article and all the telecom news you need.

  • Register free and gain access to even more articles from Telecompaper. Register here
  • Subscribe and get unlimited access to Telecompaper’s full coverage, with a customised choice of news, commentary, research and alerts.

Subscriptions

Already registered?



Free Headlines in your E-mail

Every day we send out a free e-mail with the most important headlines of the last 24 hours.

Subscribe now

Categories: Mobile & Wireless
Companies: Safaricom
Countries: Ethiopia / Kenya
::: add a comment
This article is part of dossier

Coronavirus


Add comment

We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the Telecompaper website, they in no way represent the opinion of Telecompaper.


Related

Cashless payment specialists Weezevent, PlayPass announce merger

Published 09 Mar 2021 15:32 CET | Europe
European cashless payments solutions providers Weezevent (based in France) and PlayPass (based in Belgium) have announced plans ...

Safaricom cuts M-Pesa tariff for smaller transactions

Published 23 Dec 2020 09:27 CET | Kenya
Safaricom has reduced M-Pesa tariffs by up to 45 percent for lower value transaction bands. It said the decision was taken in ...

Safaricom seeks approval to start offering insurance, savings and unit trusts

Published 08 Dec 2020 13:53 CET | Kenya
Kenyan operator Safaricom is seeking regulatory approvals to launch insurance, unit trust and saving products, Business Daily ...

Safaricom seeks deal with Central Bank of Kenya over extension of free M-Pesa transactions

Published 16 Nov 2020 09:49 CET | Kenya
Safaricom and commercial banks are seeking a deal with the Central Bank of Kenya (CBK) to avoid a unilateral regulatory extension ...

Safaricom sees drop in Ethiopia licence bid price after govt restricts mobile money to domestic firms

Published 16 Nov 2020 09:46 CET | Ethiopia
Disclosures contained in a transcript call covering events to the end of July, said Business Daily, reveal that Safaricom sees a ...

Safaricom H1 service revenue falls 5% as M-Pesa turnover shrinks

Published 09 Nov 2020 09:33 CET | Kenya
Kenyan operator Safaricom's net profit decreased by 6.0 percent to KES 33.07 billion in the first six months to 30 September from ...

Safaricom launches mobile wallet service Pochi la Biashara for small traders

Published 28 Oct 2020 11:30 CET | Kenya
Kenyan operator Safaricom has launched an M-Pesa service for small businesses called Pochi la Biashara, Business Daily reported. ...

Kenya Ferry Services to collect fees by M-Pesa

Published 08 Oct 2020 14:29 CET | Kenya
Kenyan operator Safaricom and the Kenya Ferry Services have announced a partnership that will enable motorists using ferry ...

NCBA denies any plans to cut M-Shwari fees

Published 01 Oct 2020 11:01 CET | Kenya
NCBA Group, formerly the Commercial Bank of Africa, has differed with its partner Safaricom over the push to lower customer ...





Calendar   /   Industry Events

22 Apr Orange Q1 2021
22 Apr Tele2 Q1 2021
22 Apr AT&T Q1 2021
22 Apr Intel Q1 2021
22 Apr VeriSign Q1 2021
22 Apr Snap Q1 2021
22 Apr Nordic Entertainment (NENT) Q1
22 Apr FCC meeting
23 Apr Telia Q1 2021
25 Apr Vodafone Qatar Q1 2021
26 Apr SBA Communications Q1 2021
27 Apr Siminn Q1 2021
27 Apr Alphabet Q1 2021
27 Apr AudioCodes Q1 2021
27 Apr Mediaset FY results
27 Apr Juniper Networks Q1 2021
27 Apr Sequans Q1 2021
27 Apr Corning Q1 2021
27 Apr Calix Q1 2021
27 Apr A10 Networks Q1 2021
27 Apr Microsoft fiscal Q3
27 Apr A1 Telekom Austria Q1 2021
27 Apr America Movil Q1 2021
27 Apr F5 Networks fiscal Q2
28 Apr Yandex Q1 2021
28 Apr SK hynix Q1
28 Apr MaxLinear Q1
28 Apr Oooredoo Q1 2021
28 Apr ZTE Q1 2021
28 Apr Ribbon Communications Q1 2021
::: More Calendar Items