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Safaricom launches M-Ledger service

Kenya , 19 Nov 2014

Safaricom launches M-Ledger service

Leading Kenyan mobile operator Safaricom has launched Android-based mobile app M-Ledger, giving subscribers the ability to use financial journals to track and monitor their M-Pesa transactions.

M-Ledger was developed alongside local startup Dynamic Data Systems, which Safaricom said would be the first in a series of partnerships with local developers and startups.

The service provides an easily accessible accounting service, allowing users to view and manage their past transactions on a single view from mobile phone. M-Ledger allows users to extract the data in spreadsheet form, and also has a universal search functionality allowing users to search for Paybill and Lipa na M-Pesa till numbers.

"We strive to be the first to market with pioneering products that help transform the lives of our customers - but we are aware that we cannot innovate alone. Our partnership with Dynamic Data Systems signals our increasing commitment to build capacity in the local startup community," said Bob Collymore, Safaricom chief executive officer (CEO).

M-Ledger was one of 18 applications developed during the inaugural 2013 Safaricom Appwiz Competition, aimed at building and nurturing mobile tech startups.

"We launched the competition with the long-term intention of creating the foundation for a vibrant m-economy that is locally-driven. Today's partnership cements the commitment we are making to continued partnerships to deliver that vision," said Collymore.

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