M-PESA Celebrates 18 Years of Financial Innovation, Officially Unveils Investment Product

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M-PESA Celebrates 18 Years of Financial Innovation, Officially Unveils Investment Product

Dr. Peter Ndegwa ,Chief Executive Officer at Safaricom PLC


The COUNTY DIARY NEWS 
By MAXIMILLA WAFULA 
Business Reporter 

Nairobi, March 7, 2025 – Safaricom’s (NSE: SCOM) mobile financial service, M-PESA, has marked 18 years of revolutionizing digital payments and financial inclusion since its launch in 2007. Now available in over 170 countries, M-PESA serves more than 70 million customers and supports over one million businesses and agents across Africa.

With over 55,000 integrations on its Daraja platform and a network of 100,000 developers, M-PESA has become Africa’s largest fintech solution, processing close to 100 million transactions daily with a capacity of 4,000 transactions per second.

To celebrate this milestone, M-PESA has launched a series of stakeholder engagements, reaffirming Safaricom’s commitment to a secure and innovative financial ecosystem. CEO Dr. Peter Ndegwa emphasized M-PESA’s role in driving financial inclusion and economic growth through technology, particularly as smartphone adoption rises.

In line with this evolution, M-PESA launched the Super App and Business App in 2021, enabling seamless digital transactions.

As part of its anniversary celebrations, Safaricom has introduced Ziidi, an investment platform with a Money Market Fund that has already attracted over one million opt-ins, with plans to roll out Shariah-compliant investment options.

Chief Financial Services Officer Esther Waititu highlighted M-PESA’s continued expansion as a comprehensive financial hub.

With its focus on innovation and financial empowerment, M-PESA remains committed to shaping the future of mobile finance across Africa.

(Edited By PATRICK KIMANZI)

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