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Mobile Money

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Xoom, PayPal’s money transfer service that serves millions of diaspora users globally has today launched money transfers to mobile wallets in Kenya and other markets in Africa for customers in the US, UK, Canada, and Europe. This is a timely move given that Kenya had remittances of Kes. 285 Billion

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Kenya leads the world in mobile money. This is a fact as over 18 million mobile subscribers are signed up for Safaricom’s wildly successful M-Pesa offering. It’s hard to imagine that just a few years ago although Safaricom’s M-Pesa was just taking off and most of the Banks in Kenya

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Its been a long time coming. Everyone in the Application Developer community in Kenya has been awaiting for ages for Safaricom to release an M-Pesa API that would enable them to build value-added services on the service. Sadly, this has not yet happened to-date although we keep hearing rumours that

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