M-Pesa (Kenya’s EcoCash) Set To Launch A Social Network To Increase Mobile Money Transfers

By Alvine Chaparadza

Safaricom (M-Pesa’s parent company) is reportedly working on a new social messaging application Bonga, which will be integrated with its M-Pesa payment service. Its customers will be able to chat and send, receive money on the platform.

The integration of mobile payment technology and messaging applications is a trend taking place globally. Facebook has opened its Messenger app up to payments. In China, Wechat and Tencent have rapidly driven the country towards becoming a cashless society.

Should Safaricom launch Bonga, up to 28 million users will chat and in …read more

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