Read time: 3 minutes

M-Pesa transaction capability to double in 2015 - Collymore

By , freelance writer for ITWebAfrica.
Kenya , 23 Sep 2014

M-Pesa transaction capability to double in 2015 - Collymore

Transaction capacity on Safaricom Kenya’s mobile money product, M-Pesa, is expected to double in early 2015, says the company’s chief executive officer (CEO) Bob Collymore.

Part of the planned upgrade -- which has been three years in the making -- includes the relocation of M-Pesa servers from Europe to Kenya.

Collymore has told ITWeb Africa that key drivers for the upgrade include dealing with greater transaction volumes and being more flexible when adjusting to differing network demands.

M-Pesa usage has soared in Kenya since its 2007 launch with over 19 million users today.

“The current platform is dimensioned to cope with just over 300 transactions per second. The new platform will be launched with a 600 transaction per second capability but scalable to meet increasing demand,” Collymore said.

“The new M-Pesa platform has been some time in the planning and its introduction is expected in early next year.

“The hardware has already been installed here in Kenya and we have started testing different software versions,” he added.

Collymore also said the upgraded system enables Safaricom to “reinforce M-Pesa’s robustness” while also helping the company exercise better control over the mobile money service.

Meanwhile, Safaricom also plans encouraging businesses to integrate M-Pesa into their services.

Collymore explained that the application programming interface (API) for M-Pesa is expected to be made available to local businesses.

Read more
Login
Daily newsletter