Vodacom Does Mobile Banking

Vodacom announces intention to launch Vodafone M-Pesa mobile money transfer service in Tanzania

April 7, 2008

1 Min Read

JOHANNESBURG -- Some 4.1 million Vodacom customers in Tanzania will soon be able to use their mobile phones to send money home and to loved-ones safely and securely with the leading network operator’s new Vodafone M-PESA service. Vodacom plans to launch the service at the end of April 2008.

Vodacom, the leading mobile network operator in Southern Africa, has operations in the Republic of South Africa, Tanzania, Lesotho, Mozambique and the Democratic Republic of the Congo. Vodacom Group is a joint venture between Vodafone and Telkom South Africa. The launch of Vodafone M-PESA in Tanzania will see Vodafone’s award-winning mobile money transfer service available in a second African market.Vodafone M-PESA was originally developed and deployed by Vodafone in Kenya, where the service has now been running for over one year, with more than 1.6 million active customers. In February 2008, Vodafone launched the service in a second market, Afghanistan in partnership with the Afghani operator Roshan.

“M-PESA, meaning M for mobile and Pesa for money in Swahili, is one of the world’s first cellphone-to-cellphone PESA transfer services for people who do not have access to conventional banks,” said Vodacom Tanzania managing director Dietlof Mare.

Vodacom Pty. Ltd.

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