Kenya’s Safaricom Secures Deal With Chinese Group, Alibaba

Kenya’s Safaricom has secured a deal to use its M-Pesa payment service for online shopping on Chinese e-commerce giant Alibaba.

| How Africa News
an Employee Serves a Customer Inside a Mobile Phone Care Centre Operated by Kenyans Telecom Operator Safaricom in the Central Business District of Kenyas Capital Nairobi May 11 2016 Reutersthomas Mukoya

This deal will allow Kenyan shoppers to buy goods on using the mobile payment service in a matter of weeks in a move aimed to expand Alibaba’s product beyond Kenya.

Ant Financial, an affiliate of Alibaba that runs the portal’s payment services, will offer M-Pesa as one of the payment options with transactions denominated in Kenyan shillings. M-Pesa users will therefore be able to shop the site without a credit card.

It has been more than a decade since the mobile payment service, M-Pesa, was launched to offer Kenyans without bank accounts to transfer money via mobile phones. The service has now grown to offer a range of payment services, loans and savings to more than 21 million people in Kenya.

“The move especially targets micro-traders in the country who source goods and other supplies from manufacturers in China,” Safaricom said in a statement.

Written by How Africa News

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