By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
Newsunplug KenyaNewsunplug KenyaNewsunplug Kenya
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Reading: M-Pesa deal grows its reach to Bangladesh and Pakistan
Share
Notification Show More
Font ResizerAa
Newsunplug KenyaNewsunplug Kenya
Font ResizerAa
  • News
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
  • News
    • Metro
    • Politics
    • Business
  • Entertainment
  • Lifestyle
  • Sports
  • Tech
  • Spotify
Have an existing account? Sign In
Follow US
© 2022 Foxiz News Network. Ruby Design Company. All Rights Reserved.
Newsunplug Kenya > Blog > Business > M-Pesa deal grows its reach to Bangladesh and Pakistan
Business

M-Pesa deal grows its reach to Bangladesh and Pakistan

hallanaija
Last updated: July 20, 2023 12:27 pm
hallanaija 2 years ago
Share
Safaricom
(From left) Esther Waititu, Chief Financial Services Officer Safaricom PLC poses for a photo with Ambar Sur, Founder & Chief Executive Officer TerraPay during the official launch of the partnership with TerraPay on July 19, 2023. PHOTO | POOL
SHARE

Safaricom has announced a partnership with UK-based payments infrastructure company TerraPay in a bid to facilitate cross-border cash transfers to Bangladesh and Pakistan through the M-Pesa Global service.

In a statement, the telco said the deal will empower over 32 million M-Pesa customers to send and receive money to over 200 million people living in the two countries.

“M-Pesa customers can now send and receive money to Bangladesh and Pakistan through the M-Pesa Global service under the M-Pesa Super App or by dialling *334# and selecting M-Pesa Global under the ‘Send Money’ option,” reads the statement.

TerraPay joins a roster of more than 35 partners under the M-Pesa Global service which enables Kenyans to send and receive money, as well as make and receive payments, across over 170 countries around the world.

Safaricom CEO Peter Ndegwa said the partnership will help open up one of the world’s largest remittance markets and make Kenyans more globally connected.

Safaricom
(From left) Esther Waititu, Chief Financial Services Officer Safaricom PLC poses for a photo with Ambar Sur, Founder & Chief Executive Officer TerraPay during the official launch of the partnership with TerraPay on July 19, 2023. PHOTO | POOL

“Remittances have become an economic lifeline for thousands of households and businesses in the country, connecting them to opportunities and empowering our customers to transact conveniently and affordably around the world,” he said.

READ MORE  Dairy Board freezes milk powder importation

“We are therefore delighted to partner with TerraPay to enable anyone in the country to send and receive money to and from more than 200 million people across Bangladesh and Pakistan with M-Pesa.”

TerraPay founder and CEO Ambar Sur said the deal will spur the development of mobile financial service operators enabling them to directly scale globally and enable Safaricom customers to access TerraPay’s widespread partner network of 4.5 billion bank accounts and 1.5 billion mobile wallets.

“Our partnership with Safaricom will boost our capabilities in providing an inclusive global financial ecosystem with superlative technical solutions and cultivate an affinity by empowering Safaricom customers with fast and affordable borderless payment options,” said Sur.

You Might Also Like

Family Bank to handle shares through a special purpose business

Volkswagen faces pressure as China sales fall and Audi falters.

IFC injects Sh36bn in Safaricom Ethiopia

Kenyan investors’ desire for foreign exchange assets has increased.

What A Visa-Free Travel To Kenya Means And How It Will Work

Share This Article
Facebook Twitter Email Print
Previous Article Homa Bay: Six people shot in Thursday anti-government protests
Next Article Kenya Kenya to share tax data with 110 countries
Leave a Comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

about us

We influence 20 million users and is the number one business and technology news network on the planet.

Recent Posts

  • FULL analysis of VAR interventions in La Liga this season reveals unending mistakes from Spanish referees
  • Kitale: 19-year-old boy killed for allowing cows to graze in maize farm
  • Barcelona fan delivers strong argument on why Hansi Flick will not last at Barca
  • Chaos in Nandi as police unleash teargas during MP Salasya’s rally
  • 21-year-old woman attacked, raped and left for dead in Nyandarua

Recent Comments

No comments to show.
Newsunplug KenyaNewsunplug Kenya
© Newsunplug Kenya. All Rights Reserved.
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?