Safaricom CEO Announces M‑PESA Expansion into Savings, Investment and Insurance
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Safaricom chief Peter Ndegwa announced a planned expansion for M-PESA. The service will soon allow users to save, invest, and purchase insurance. This move expands the platform's role beyond basic payments. These changes come as the service generates a larger portion of the company's revenue.
Safaricom chief Peter Ndegwa said M‑PESA will soon let users save, invest and insure, widening its role beyond payments as the service drives a larger share of the telco’s revenue.