Kenya’s Safaricom Delays M-Pesa Upgrade

By  |  November 6, 2013
 | 

Safaricom, a major telecom operator in Kenya, announced that upgrades to its popular mobile payments platform, M-Pesa, will be delayed until 2015, Reuters reported on November 6.

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    The system has proved popular with consumers, and has grown to processes approximately 250 transactions per second. However, the high volume is cause for frequent shutdowns and routine upgrades.

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    Bob Collymore, Safaricom’s chief executive, told the media outlet that the setback would not impede M-Pesa’s operational stability.

    To learn more about the M-Pesa upgrade delay, read the full story here.

    “What’s Hot” is aggregated content. PYMNTS.com claims no responsibility for the accuracy of the content published by the original source.


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