Vodafone Says M-Pesa Customers Increase To Over 25 Million

Vodafone Group PLC said Monday the number of active customers using its mobile phone-based money transfer and financing service M-Pesa has increased to over 25 million.

In the year to end-March, customer numbers increased by 27% to 25.3 million across Africa, Asia and Europe, Vodafone said. This growth was supported by market launches in Albania and Ghana.

During the year Vodafone entered into various government partnerships, including a partnership with the Ministry of Social Development in Lesotho to pay welfare grants using M-Pesa, and a series of deals with partners to allow M-Pesa customers to transact with other services across borders.

"Since 2007, M-Pesa has enhanced the lives and livelihoods of people without bank accounts, giving them access to essential financial services through their mobile phones," said Vodafone Director of Mobile Money Michael Joseph in a statement.

SOURCE:Alliance News