This ploy failed, as the audit found that the service was robust. Africa, background paper prepared for the Commission for Africa, London. Vodafone users registered with M-Pesa can simply withdraw the received amount in more than 2,100 M-Pesa locations nationwide or use it directly from their mobile phone for payments like utility bills, recharging Cartela Vodafone and buying goods at selected merchants. The service can be activated for free, by any Vodafone user over the age of 14, at any M-Pesa affiliated store. Pretoria, South Africa. [43] According to MoneyWeb,[44] a South African investment website, "A tough regulatory environment with regards to customer registration and the acquisition of outlets also compounded the company's troubles, as the local regulations are more stringent in comparison to our African counterparts. Vodafone’s M-Pesa mobile money transfer service is actively used by over 19.9 million people across 11 countries. Lack of education and product understanding also hindered efforts in the initial roll out of the product." [68], Kenya does not have a data protection law, which enables Safaricom to use sensitive data of its subscribers rather freely. South Africa women's national football team, https://en.wikipedia.org/w/index.php?title=M-Pesa&oldid=999370744, Articles with dead external links from May 2017, Articles with permanently dead external links, Articles with unsourced statements from November 2015, Creative Commons Attribution-ShareAlike License, transfer money between the service and, in some markets like Kenya, a bank account, Borrow money to complete transaction when you have insufficient cash(Fuliza). South Africa lags behind Tanzania and Kenya with only c.1 million subscribers. By Shepherd Yaw Morttey On Feb 29, 2020 Last updated Feb 29, 2020. [4], The initial work of developing the product was given to a product and technology development company known as Sagentia. [16] M-Pesa quickly captured a significant market share for cash transfers, and grew to 17 million subscribers by December 2011 in Kenya alone. That means you can send money across the whole of Samoa. [34] On 8 January 2019, Safaricom launched Fuliza, an M-Pesa overdraft facility. Dial *9*7#, Choose money transfer service, Enter the mobile number that you will transfer money to,Enter the transferred amount from 5 EGP to 30,000 EGP, Enter your pin code حول فلوس بأسهل طريقة مع فودافون كاش The full list of locations is available on www.m-pesa.ro, at *789 or in the mobile app. The solution is available for any Vodafone mobile customer in Romania: if the recipients do not have an M-Pesa account they can access the transferred funds immediately after registration for the M-Pesa service. [42] The gap between expectations for M-Pesa's performance and its actual performance can be partly attributed to differences between the Kenyan and South African markets, including the banking regulations at the time of M-Pesa's launch in each country. [13] Development and second line support responsibilities were transferred to IBM in September 2009, where most of the original Sagentia team transferred to. As a large part of these profits are sent abroad to foreign shareholders of Safaricom, local spending power and demand are reduced, and with it the development potential for local enterprise. [26][27], M-Pesa is widely seen as demonstrating that it is possible to make a profit while also improving the lives of the poor. [40], In September 2010 Vodacom and Nedbank announced the launch of the service in South Africa, where there were estimated to be more than 13 million "economically active" people without a bank account. [57], In March 2014, M-Pesa expanded into Romania, while mentioning that it may continue to expand elsewhere into Eastern Europe, as a number of individuals there possess mobile phones but do not possess traditional bank accounts.