Vodacom South Africa to launch Mobile Money service

www.WirelessFederation.com/news: The mobile money service, M-PESA will be introduced in South Africa by Vodacom and its South African banking partner. The new service will enable 26 million mobile phone subscribers in South Africa who have access to a mobile phone, but do not have or have only limited access to a bank account, to send and receive money via their mobile phones.

Vodafone developed the M-PESA service which has already been deployed by Safaricom in Kenya, Vodacom in Tanzania and Roshan in Afghanistan (branded M-Paisa).

According to Cenk Serdar, Director of Mobile Payments at Vodafone Group, the successful take-up of M-PESA in Kenya has clearly demonstrated the demand for easily accessible, secure payment services particularly in emerging markets and mobile technology in Africa has already improved the lives of millions simply by allowing them to communicate far beyond their immediate surroundings