The deal will let both purchasers expand the service to new African markets. Vodacom owns 35% of Safaricom and pays 5% in an intellectual property fee to Vodafone from its M-Pesa business, which is mainly in Tanzania.
The acquisition of the intellectual property rights by the new joint venture will allow the partners to develop local products like Fuliza, an M-Pesa overdraft facility, launched in Kenya in January 2019.
Vodafone holds a 5% stake in Safaricom.
The Paypers is the Netherlands-based leading independent source of news and intelligence for professional in the global payment community.
The Paypers provides a wide range of news and analysis products aimed at keeping the ecommerce, fintech, and payment professionals informed about the latest developments in the industry.
Current themes
No part of this site can be reproduced without explicit permission of The Paypers (v2.7).
Privacy Policy / Cookie Statement
Copyright