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Wireless

Vodacom to discontinue M-Pesa in South Africa

Monday 9 May 2016 | 10:28 CET | News
Vodacom South Africa has announced it will discontinue its M-Pesa product with effect from 30 June following a thorough review. CEO Shameel Joosub said Vodacom's decision is based on the fact that the business sustainability of M-Pesa is predicated on achieving a critical mass of users. According to Joosub, based on their revised projections and high levels of financial inclusion in South Africa, there is little prospect of the M-Pesa product achieving this in its current format in the mid-term.

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