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M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
M-PESA (M for mobile, pesa is Swahili for money) is a mobile phone-based money transfer, financing and micro financing service, launched in 2007 by Vodafone for Safaricom and Vodacom. M-PESA was originally designed as a system to allow microfinance-loan repayments to be made by phone, reducing the costs associated with handling cash.
M-Kopa (M for mobile, kopa is Swahili for borrow, stylized as M-KOPA) [1] is a UK-headquartered emerging maket fintech platform that provides affordable smartphones and digital financial services. [2] [3] M-Kopa was launched commercially in 2012 and is headquartered in London. The company is currently operating in Kenya, Nigeria, Ghana, Uganda ...
Before you can send money, you’ll need to choose which money transfer service you’d like to use. Each offers something different in the way of exchange rates, fees and speed of the transaction. 1.
Best for social money transfers: Venmo. Best for service coverage: Western Union. Best for international transfers: WorldRemit. Best for no-fee transfers: Zelle. 1. Cash App. Best for simplicity ...
4.5 out of 5 Overall. Key Features. Free domestic transfers. Great tools for freelancers. Strong security measures. Get Details. PayPal is the grandparent of money transfer apps, as it’s been ...
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