How Safaricom will gain from the purchase of M-Pesa rights from Vodafone

Spread the love

Safaricom together with Vodacom are set to acquire the intellectual property rights to M-Pesa from Britain’s Vodafone inorder to expand to other Africa markets.

 The Sh1.34 billion deal will also see Safaricom and Vodacom save a lot of money in royalties paid to Vodafone, CEO Bob Collymore told Reuters.

“We are taking ownership of M-Pesa, the brand and the intellectual property. Joint ownership between us and Vodacom and we then use that as a platform into running into other markets across the continent,” Collymore told Reuters in an interview.

Share News With Tv47 Do you have a groundbreaking story you would like us to publish? Please reach us through news@tv47.co.ke or WhatsApp: +254 7111 74 230. Contact Tv47.co.ke Now
Show More

Related Articles

Back to top button

News Alert

Kenya records 124 new COVID-19 cases, 39 recoveries, 4 deaths today; total cases rise to 2340, recoveries rise to 592 as death toll climbs to 78

Close
WhatsApp chat