Safaricom Accused of Stealing Rental Payments Idea

By  |  August 23, 2013
 | 

The founder of ManyattaRent, a rental mobile payments solution startup in Nairobi, has accused Safaricom of stealing its idea for rent collection services, reported HumanIpo. The founder, Steve Ngethe Njoroge, claims he was working with Safaricom’s business development department and discussing a potential joint venture.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Njoroge commented about the Lipa Kodi na M-Pesa service, and said he came up with the business idea first.

    “We have been trying to get into the rent collection via M-Pesa space for a while now,” said Ngethe.

    At present, Safaricom has not made any public announcements and has not responded to the accusations.

    Read the full story here.


    Recommended

    Visa Helps Launch Vietnam’s First AI-Powered Pay-Later Card

    Prometeo Debuts Ownership-Check Feature for ACH Payments

    WhatsApp to Enable Status Updates Directly From Web Interface

    Meta’s WhatsApp AI Features Targeted in EU Antitrust Probe

    AI Gives Main Street the Power to Play Like the Fortune 500

    See More In: