Revenues from the global mobile financial service M-Pesa have recovered following the reinstatement of fees on person-to-person transactions on the platform.
Kenyan telco Safaricom runs M-Pesa in Kenya and also owns half of the business in the international markets in a joint venture with South Africa’s Vodacom Group Limited.
Kenya and other African countries suspended charges on certain transactions on M-Pesa to offer financial relief to their citizens besides seeking to reduce use of cash to curb the spread of the Covid-19 pandemic…
