M-PESA in Mozambique

Money Transfer

Vodacom Mozambique has introduced the mobile money transfer service M-PESA, as popularised by its Vodafone-owned sister company Safaricom in Kenya.

Speaking at the launch ceremony in Maputo last week, Ernesto Gove, the governor of the Bank of Mozambique, said that ‘the existence of a strong and stable financial system that is comprehensive and inclusive is an objective that must be realised for the benefit of people living in districts without any point of access’.

M-PESA was first launched by Safaricom in 2007 and is now available in eight countries including Tanzania, Afghanistan, South Africa, India and the Democratic Republic of Congo (DRC). Worldwide it has around 17 million users.