Safaricom, Vodacom Plan $13 Million Purchase of M-Pesa Rights From…

“Kenya’s Safaricom will start a joint venture with Vodacom to acquire the intellectual property rights to the popular M-Pesa mobile financial services platform from Britain’s Vodafone, Safaricom’s CEO said on Thursday. The 12 million euro ($13.4 million) deal will let both purchasers make significant savings in royalties paid to Vodafone and expand the service to new African markets, said Bob Collymore, Safaricom’s CEO.”

Safaricom, Vodacom Plan $13 Million Purchase of M-Pesa Rights From…
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