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M-Pesa Eyes Wealth, SuperApp

5 entriesMon, Nov 2 – Sat, Nov 7Fintech & Payments

Timeline

  1. Sat, Nov 7LatestUnverified — not yet reviewed

    More Than Half of M-PESA Transactions Are Now Free, Safaricom Discloses

    Safaricom has disclosed that more than half of all M-PESA transactions are now processed without a fee, providing a material data point on the tension between the platform's financial inclusion mandate and its revenue monetisation trajectory.

  2. Sat, Nov 7Unverified — not yet reviewed

    Safaricom Names Boniface Mungania Permanent CFO and M-PESA Lead

    Safaricom has confirmed Boniface Mungania as its permanent Chief Financial Officer and head of M-PESA, ending an extended period of acting appointments in a key leadership role at East Africa's largest telecoms operator.

  3. Fri, Nov 6Unverified — not yet reviewed

    M-PESA Crosses $770 Million Revenue as Financial Services Surge 55% and Fuliza Hits $38 Million

    M-PESA has crossed $770 million in revenue in Safaricom's HY2027 results, with the financial services segment growing 55 percent and the Fuliza mobile overdraft product generating $38 million. Transaction volumes rose 48 percent against revenue growth of 13.6 percent, reflecting what Safaricom describes as a deliberate volume-first monetisation strategy rather than a gap in pricing power.

  4. Thu, Nov 5Unverified — not yet reviewed

    M-PESA Generated KES478 Billion in Social Value in FY26, Safaricom Reports

    Safaricom has reported that M-PESA generated KES478 billion in social value during the financial year 2026, providing a rare continental-scale benchmark for a mobile money platform's broader economic contribution. The figure accompanies data on fee-free transactions and extends the narrative around M-PESA's strategic evolution beyond payments.

  5. Mon, Nov 2Unverified — not yet reviewed

    Safaricom's M-Pesa Pivots to Wealth Management and SuperApp Model

    Safaricom CEO Peter Ndegwa has outlined a strategy to evolve M-Pesa beyond mobile payments into wealth management and a unified OneApp platform, signalling a major strategic shift for Africa's largest mobile money operator. The pivot positions Safaricom as a full financial services platform rather than a payments utility.