According to IOL, the company has partnered with Alipay to launch its single lifestyle app, Vodapay. The initiative comes to offer services ranging from loans and savings, seamless QR and person-to-person payments, to entertainment and personalised shopping experiences, promoting greater financial inclusion.
Furthermore, M-Pesa is Vodacom’s mobile phone-based money transfer, payments, and micro-financing service, which was launched in 2007 by Safaricom, the largest mobile network operator in Kenya, and has since expanded to countries including Tanzania, and Mozambique.
Through M-Pesa, Vodacom processes transactions amounting to USD 24.5 billion a month across its international businesses up 63.5%. The company's officials stated that the launch of the super app would be a game-changer for financial services in South Africa.
Besides, in March 2020, Massmart, which owns Game, Makro, and Builders Warehouse, announced it would become an 'anchor tenant' on Vodacom’s super app as part of its plans to beef up its mobile shopping presence, IOL reported.
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