M-PESA Africa, Safaricom’s mobile money platform, hit 34 million customers in November 2024.
Why It Matters
Since its launch 18 years ago, M-PESA has evolved from a payment tool into a comprehensive financial ecosystem, offering services like credit, savings, insurance, and investments.
By the numbers
• Supports over 1.5M businesses.
• Operates with a 300,000+ agent network nationwide.
• Empowers 90,000 developers through its Daraja API platform, enabling 40,000 business solutions.
Driving the news
• In October, M-PESA introduced Ratiba, a standing order feature that attracted 1M opt-ins and processed 260,000 transactions in its first month.
Source: Weetracker
