You live abroad and want to send money to your relatives quickly and easily. Learn everything you can about M-pesa mobile money, particularly about the M-pesa to equity fees. Find all of the information you require about the service.
M-pesa is a mobile money transfer and microfinance system developed by Safaricom and Vodacom, the two largest mobile phone operators in Kenya and Tanzania, and launched by Vodafone. M-pesa is used by over 5 million Tanzanians, making it the most dependable service in the country.
By 2010, M-pesa was the most successful mobile phone-based financial service in developing countries. In M-pesa Kenya, approximately 17 million accounts had been registered by 2012. For giving millions of people access to the “formal” financial system, the service has received praise. In societies that rely heavily on cash transactions, it has also contributed to a decrease in crime.
Since then, it has spread to Afghanistan, the DR Congo, South Africa, India, and Eastern Europe in 2014.
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Through a wide range of global partners, you can easily send or receive money instantly to or from your M-pesa wallet from more than 160 nations.