Vodacom Tanzania preps to pay out M-Pesa customers

First African Fintech platform to affiliate with organisation.

The telco posts blowout half-year results, buoyed by double-digit data usage growth and higher customer demand for smart devices due to the lockdown.

Safaricom reports a 14.5% YoY decline in M-Pesa revenue for half-year 2020/21 period.

Operator says it has spent over TZS327.7-billion on local suppliers and partner companies.

Vodacom Tanzania, Oryx Oil Tanzania have partnered to facilitate fuel payment via M-Pesa.

Regulator accuses company’s regional unit of failure to pay regulatory fees, penalties.

Operator describes it as another step to fuel innovation in Tanzania around Fintech and digital business

Number of businesses utilising the service has passed 200,000, according to the telecommunications services provider.

M-Pesa, mobile tech-based ‘ambulance taxi’ initiative to be rolled out in Lesotho, among other Sub-Saharan regions.

Cash may have traditionally been king, but the coronavirus pandemic is contributing to a faster pace of mobile money adoption across the continent.

Recent CA report on 2019/2020 financial period.