Safaricom's M-Pesa platform is transforming into a giant one stop financial provider, set to disrupt the traditional brick and mortar banking and financial services. The question is, is M-Pesa slowly transforming into a bank? Yesterday, it unveiled its M-Pesa Super App which it said will ease access to financial services such as banking and insurance right on your phone. It will be embedded with mini-Apps which will enable customers and businesses complete day-to-day and occasional tasks within the M-PESA Super App and M-PESA for Business App, the Safaricom app will also be a mini app. “The idea for M-Pesa is to go global and even become network agnostic hence the separation of the M-Pesa and Safaricom apps,”said Lopokoiyit.

Source: The Star June 24, 2021 00:56 UTC