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Vodacom and Safaricom mull M-Pesa expansion beyond mobile money but no plans for digital bank

Monday 9 March 2020 | 09:47 CET | News
Vodacom Group and Safaricom's M-Pesa platform has ambitions to do more than just provide mobile money services, reports BusinessTech. Managing executive for M-Pesa at Vodacom, Chris Williamson, said it plans things like enterprise services, group lending and other financial services. However, it does not have plans to become a digital bank, which operates on a very different business model.

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Categories: Mobile & Wireless
Companies: Safaricom / Vodacom
Countries: South Africa
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