Kenya's Safaricom secures deal to use M-Pesa payments on Aliexpress.com

Credit: Reuters Studio
Published on March 12, 2019 - Duration: 01:21s

Kenya's Safaricom secures deal to use M-Pesa payments on Aliexpress.com

Ant Financial - an affiliate of Alibaba that runs the portal's payment services - is offering M-Pesa as one of the payment options.

Serena Chaudry reports

Advertisement

Kenya's Safaricom secures deal to use M-Pesa payments on Aliexpress.com

Kenyans can now shop online using M-Pesa.

Thanks to a deal between Safaricom and AliExpress dot com.

The online shopping platform is run by Chinese e-commerce giant Alibaba.

And Kenyan shoppers will be able to use M-Pesa to buy goods on the site within a few weeks.

(SOUNDBITE) (English) CHIEF CUSTOMER OFFICER, SAFARICOM, SYLVIA MULINGE, SAYING: "This obviously then opens up a lot more opportunity because today customers on this platforms are limited by, you must have a credit card to be able to pay.

Now we will actually be able to, you will now be actually able to pay for the product or service that you are buying using M-Pesa, and you pay for it in Kenya shillings currency, therefore you don't have to worry about the challenges of doing currency conversions." Under the deal, Ant Financial - an affiliate of Alibaba that runs the portal's payment services - will offer M-Pesa as one of the payment options.

Launched over a decade ago, M-Pesa offers Kenyans without bank accounts a way to transfer money via mobile phones.

It now offers a range of payment services, loans and savings to more than 21 million people in Kenya.

For Safaricom, which is partly owned by South Africa's Vodacom and Britain's Vodafone, M-Pesa has already proved highly profitable.

And it says this online shopping deal is part of an effort to transform M-Pesa into a global payments platform.

Expanding it beyond the Kenyan market.

You are here

You might like