There are rumours that Safaricom may be planning to launch an MPESA Debit card after partnering with VISA. With just 8M members or less, Banks have a really big problem now considering that Safaricom control over 23 million direct customers.
below are some comments about the telco move…
Safaricom is a leading communications company in Kenya with the widest and strongest coverage. The home of the famous Mobile Money service- M-PESA.
The company Provides a broad range of first-class products and telecommunication services, Broadband Internet and Financial services throughout Kenya.
Safaricom’s valuation of Sh1.13 trillion at close of trading Thursday last week is now 50.7 percent of total investors’ wealth at the NSE. Crossing the 50 percent threshold means that Safaricom’s market worth is now more than the combined valuation of all the other 62 listed companies.