Kenya’s Safaricom expects M-Pesa price curbs to be lifted at year-end

NAIROBI: Kenya’s biggest telecoms operator, Safaricom, expects to be able to end coronavirus-related price cuts at its M-Pesa business at the end of the year, its CEO said on Tuesday.

M-Pesa, which is used to send money, save, borrow and make payments for goods and services, is one of the most popular modes of payment in Kenya. At the end September it had nearly 27 million active users in a population of 47 million.