Forget M-Pesa books, Safaricom reveals this new technology in the making

Related imageM-PESA has earned its place as the most disruptive mobile money innovation and to date none other has come close. M-PESA has changed people’s lives in ways that could not have been envisaged by the people who created it

The company  says it will replace manual M-Pesa transaction books with digital registers by the end of the year to enhance information privacy of its customers.

Amon Ngechu, Senior Manager, Financial Systems (M-Pesa) Support, says that the technical team is in its advanced stages to roll out the transaction book in digital form.

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“We will work with the regulator and our regulatory counterparts are working on that to ensure that requirement is lifted and all information needed by the regulator and agents can be available in digital means,” he said at the sidelines of the media technology forum held at Safaricom Headquarters, Nairobi.

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The service has grown tremendously and has baffled many, with several countries seeking to learn more on the innovation that has brought the convenience of mobile funds transfer to the lives of Kenyans.
“M-PESA has put Kenya and Africa at the forefront of ICT innovation and is a reference for many other countries that plan to implement a mobile money payment platform.

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