in

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.

An employee serves a customer inside a mobile phone care centre operated by Kenyan’s telecom operator Safaricom; in the central business district of Kenya’s capital Nairobi, May 11, 2016. REUTERS/Thomas Mukoya

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

Loading...

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.

Loading...

Leave a Reply

This site uses Akismet to reduce spam. Learn how your comment data is processed.

South Sudan Nets $ 14.2 Million In Non-oil Revenue For First Time

Boeing Grounds Entire Fleet of 737 Max 8 Planes