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Safaricom, Vodacom plan $13 million M-Pesa deal

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*Kenya’s Safaricom will start a joint venture worth $13 million with South Africa’s Vodacom to acquire the intellectual property rights of M-Pesa from Britain’s Vodafone, Safaricom’s CEO said on Thursday.*

The two mobile phone operators will acquire the intellectual property rights to the financial services platform M-Pesa, from Britain’s Vodafone.

Safaricom chief executive Bob Collymore said the deal would be used to expand M-Pesa services to more African markets, and to develop new products.…
READ MORE : http://www.africanews.com/2019/05/24/safaricom-vodacom-plan-13-million-m-pesa-deal

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