M-Pesa goes global with new dealSafaricom has launched a partnership with global e-commerce site, Aliexpress.com, allowing consumers to pay for their shopping using M-Pesa. This is the latest in a string of partnerships Safaricom is banking on to bolster M-Pesa’s position in the country’s mobile payments sector. A recent analysis by Citibank Group estimated Kenya’s e-commerce could be worth as much as Sh500 billion in the long-term. “Growth in online transaction volumes and the number of payments settled via e-wallet should drive payment fee revenue,” explained the report in part. For the time being, however, the functionality is only active on the Safaricom App.

Source: Standard Digital March 12, 2019 21:54 UTC