Vodafone implements M-PESA in South Africa

Digital Content

Vodafone has brought M-PESA, a mobile money transfer service, to South Africa. The service will be deployed by Vodafone`s division, Vodacom South Africa and its South African banking partner.

M-PESA service is set to empower mobile phone subscribers with limited access to a bank account to send and receive money via their mobile phones. M-PESA service was developed by Vodafone and has already been introduced by Safaricom in Kenya, Vodacom in Tanzania and Roshan in Afghanistan. More than 11 million registered customers can now use their mobile phones for money transfer, airtime top-up and bill payments.

60 percent of those living in South Africa have a bank account in the formal sector, while the mobile penetration rate among the adult population is over 94 percent. The number of South Africans with no official bank accounts has reached nearly 26 million.

US provider of mobile messaging and applications CellTrust has launched a SecureSMS mobile banking and payment pilot for the African region.

CellTrust has recently partnered with Nigerian company Maxim-Pro extend the reach of its secure mobile banking and payment services to under- and unbanked segments of the population.

Within the first few months of operation, uptake is expected to be high for the new Secure SMS/Text Mobile Banking program launched via CellTrust’s Global SecureSMS Gateway. The pilot will allow end-users to make mobile cash transfers, payments and securely access other microfinance banking products.

Turning any phone into a communication device, CellTrust SecureSMS employs an encrypted process while enabling message sizes up to 5,000 characters. A remote wipe functionality has also been developed to ensure that users can wipe the handset if it is lost or stolen.

CellTrust will officially roll out its SecureSMS Appliance and Gateway at the Mobile World Congress, which takes place in Spain between 14 and 18 February 2010