MoMo: How did it start❓
Back in 2007, Safaricom, Kenya's largest telecom operator, launched M-Pesa, the first mobile money service in Africa. It allowed people to transfer money using their mobile phones and quickly gained over a million users!
From Kenya, M-Pesa spread to Tanzania, Uganda, Rwanda, and beyond. Following M-Pesa’s lead, other telecom operators introduced their mobile money solution and now, Africa boasts dozens of providers. Today, thanks to these innovations, millions in Africa can access savings accounts, loans, insurance, and more. 💡
Was it interesting for you? Subscribe to our social media profiles and stay tuned for more exciting stories!
#MobileMoney #Fintech #FintechAfrica #DigitalPayments #Finance #AfricaFinance #MobileBanking