(Last Updated On: May 14, 2014)
Kenya’s telecommunication giant Safaricom has contracted 200 Chinese experts from Huawei to install M-Pesa servers right here in Kenya. The servers are usually located in Germany and have been there ever since the launching of M-Pesa.
This move will minimize outages on the mobile money transfers whenever the undersea fiber optic cable is cut. Safaricom will then stop paying fees to Vodafone for the maintenance of the servers who have in turn contracted IBM to maintain them. Vodafone already makes sh4 billion in royalty fees from M-Pesa revenue.
Safaricom’s M-Pesa is a popular mode of payment of employees by small businesses and big companies. The company is targeting to grow this mode of revenue further.