Safaricom, Vodacom acquire M-Pesa from Britain's Vodafone

An M-Pesa agent in Kenya. FILE PHOTO | NATION MEDIA GROUP


Kenya’s leading telecom firm Safaricom and South Africa’s Vodacom said on Monday that they have completed the acquisition of the popular mobile money platform M-Pesa from Britain’s Vodafone, the companies said in a statement.

The firms said that the acquisition of M-Pesa’s brand, product development and support services from Vodafone was done through a newly-created joint venture.