Telecom

Kenya : Safaricom moves for full intellectual property rights on M-Pesa

Friday, 24 May 2019 17:22
Kenya : Safaricom moves for full intellectual property rights on M-Pesa

(Ecofin Agency) - Safaricom wants to acquire full intellectual property rights on its mobile payment service M-Pesa.

Bob Collymore (photo), CEO of Safaricom, who revealed the information on May 23, 2019, during an interview with  Reuters, indicated that to realise this operation evaluated at €12 million, his group would partner with co-shareholder  Vodacom Group. 

The project has been submitted to the approval of Vodacom Group’s shareholders and to authorities of the South African telecom market. The approval of Kenyan telecom authorities has also been requested.

Currently, M-Pesa is operated in Kenya and Tanzania. In those two countries, its success is related to many related added-value services.





 
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