0
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.

Thank you for visiting Telecompaper

We hope you've enjoyed your free articles. 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: Vodacom South Africa
Countries: South Africa
::: add a comment

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

MTN South Africa ties up with Ericsson as it plans to relaunch mobile money

Published 14 Aug 2019 09:43 CET | South Africa
MTN South Africa is making "good progress" in its plans to relaunch mobile money services, TechCentral reported citing group CEO ...

Telkom eyes mobile payments service

Published 16 Nov 2016 15:12 CET | South Africa
South African operator Telkom is planning to launch mobile payment services in South Africa, reports IT-Online. Floris Buys, head ...

MTN South Africa halts new mobile money sign-ups

Published 05 Sep 2016 10:24 CET | South Africa
MTN South Africa has stopped signing up new mobile money customers as it studies the feasibility of the product, reports Fin24. ...

Safaricom starts paying Vodafone commission savings share

Published 10 Aug 2016 09:44 CET | Kenya
Kenyan operator Safaricom has started paying Vodafone a portion of savings on distribution commissions when subscribers buy ...

Vodacom SAfrica adds nearly 1 mln new customers in Q2

Published 21 Jul 2016 11:03 CET | South Africa
Vodacom South Africa's active customers increased 5.4 percent year-on-year to 35.112 million at the end of June. Active prepaid ...

MobiCash, Boloro start SAfrican service for informal shops

Published 17 May 2016 13:59 CET | South Africa
Mobile financial services provider Mobicash and Boloro have launched a mobile payments ecosystem in the townships of South Africa ...

Vodacom South Africa adds 2.1 mln active customers in FY

Published 16 May 2016 10:49 CET | South Africa
Vodacom South Africa's active customers increased by 6.4 percent or 2.1 million people to 34.2 million in the year that ended on ...

Vodacom Group FY revenue rises 7.5% to ZAR 80 bln

Published 16 May 2016 09:55 CET | Africa
Vodacom Group posted a 7.5 percent increase in its revenue to ZAR 80.01 billion for the year ended 31 March from ZAR 74.50 ...

Vodacom South Africa mulls options for M-Pesa business

Published 16 Mar 2016 09:21 CET | South Africa
Vodacom South Africa is considering various options for its sluggish mobile money transfer service M-Pesa, Fin24 reported. It ...

Pay2 launches in South Africa

Published 04 Mar 2016 10:19 CET | South Africa
A new payment system aimed at taking the risk out of online trading has launched in South Africa. Pay2 is an escrow service that ...

Econet to launch Ecocash in South Africa in October

Published 18 Sep 2015 11:09 CET | South Africa
Zimbabwean operator Econet is set to launch its Ecocash remittance service from South Africa in early October after receiving ...

MTN South Africa mulls Ericsson for mobile money - report

Published 13 Aug 2015 09:11 CET | South Africa
MTN South Africa is considering the use of Ericsson's technology platform for its mobile money service, Business Day ...

Vodacom South Africa revenue down 3.1% to ZAR 16 bln

Published 04 Feb 2015 09:56 CET | South Africa
Vodacom South Africa reported a 3.1 percent decrease in revenue for the third quarter ended 31 December to ZAR 15.99 billion. The ...

Vodacom South Africa revamps m-pesa service

Published 01 Aug 2014 11:25 CET | South Africa
Vodacom South Africa has announced a revamped m-pesa service, which now boasts 8,000 agents at both informal outlets and at major ...

Vodacom to relaunch M-Pesa in South Africa

Published 22 May 2014 11:24 CET | South Africa
Vodacom Group is set to relaunch its mobile money service M-Pesa in the next two months, CEO Shameel Joosub said. Although the ...





Calendar   /   Industry Events

23 Feb RSA Conference
25 Feb Infinera Q4 2019
25 Feb Iridium Q4 2019
25 Feb Millicom Q4 2019
25 Feb American Tower Q4 2019
25 Feb Utility Telecoms 2020
26 Feb Crown Castle Q4 2019
26 Feb Syn Q4 2019
26 Feb Avast FY results
26 Feb Orbcomm Q4 2019
26 Feb Box Q4 2019
26 Feb Sina Q4 2019
26 Feb Weibo Q4 2019
26 Feb Shentel Q4 2019
27 Feb Zoom Telephonics Q4 2019
27 Feb Telesat Q4
27 Feb Dell Technologies fiscal Q4
27 Feb VMware fiscal Q4
27 Feb Cogent Communications Q4 2019
27 Feb Cable One Q4 2019
27 Feb Neophotonics Q4 2019
27 Feb Baidu Q4 2019
27 Feb Netia Q4 2019
27 Feb Sunrise Q4 2019
27 Feb Interxion EGM
28 Feb Masmovil Q4 2019
28 Feb Tecnotree FY 2019
28 Feb Freenet Q4 2019
02 Mar Boingo Wireless Q4 2019
02 Mar GTT Q4 2019
::: More Calendar Items