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Wireless

Safaricom invests KES 407 mln in M-Pesa global business

Tuesday 6 August 2019 | 10:03 CET | News
The company rolled out the international money transfer business through Instaconnect and injected additional capital by acquiring assets worth KES 397 million and a cash transfer of KES 10 million, Safaricom said in its latest annual report. Safaricom says the international money transfer business, branded M-Pesa Global, handled KES 101 billion or a third of all diaspora remittances into the country in the year ended March.

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Categories: Mobile & Wireless
Companies: Instaconnect / Safaricom
Countries: Kenya
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