M-Pesa has today marked 18 years since its launch in March 2007. The service is currently available in more than 170 countries globally serving over 70 million customers. The mobile financial services provider has grown to over one million businesses and agents in Kenya, Ethiopia, Tanzania, Mozambique, the Democratic republic of Congo, Lesotho, Ghana and Egypt.
To mark its 18th anniversary, M-Pesa has embarked on a series of activities across the country aimed at engaging the ecosystem stakeholders, including customers, investors, communities, technology partners, employees, regulators, and the media.
The service supports over 55,000 integrations on its Daraja platform which hosts more than 100,000 developers. With its current capacity of 4000 transactions per second, the platform processes close to 100 million transactions a day, making it Africa’s largest fintech solution.
“In the last 18 years, M-Pesa has transformed the lives of millions of customers, empowering them with useful and affordable financial services. With increasing smartphone usage across the continent, we are transitioning to be a digital financial services provider connecting customers and businesses to opportunities and powering their growth through our tech-powered solutions,” remarked Dr. Peter Ndegwa.
“M-Pesa’s future success will be based on its ease of use, and its seamless integration with other services and products to give customers a comprehensive suite of financial services at their fingertips. M-Pesa represents the future of mobile financial services across the continent,” stated Esther Waititu, Safaricom’s Chief Financial Services Officer.
Also Read: How to Set Up Standing Orders with M-Pesa Ratiba
