Vodacom to discontinue M-Pesa services in South Africa by end of June, says decision will not affect Tanzania, Lesotho, Mozambique and DRC. "Vodacom is fully committed to mitigating any inconvenience to customers impacted by the decision and assures all M-Pesa South Africa customers that their funds remain safe and readily accessible," Joosub said. Updated Mon, May 9th 2016 at 15:03 GMT +3Vodacom will discontinue its mobile money service M-Pesa in South Africa after it failed to attract enough support in its slow-growing home market, the telecommunications firm said on Monday. The service, which enables text message transactions on mobile phones, has been hugely popular in Kenya and Tanzania, but Vodacom sees little prospect of achieving a critical mass of users in South Africa, Vodacom Chief Executive Shameel Joosub said in a statement. M-Pesa was launched by Vodacom's parent Vodafone in 2007 and has since grown to more than 25 million active users.

Source: Standard Digital May 09, 2016 06:30 UTC