NAIROBI (Reuters) - Kenya’s biggest telecoms operator, Safaricom, notched up one million users for its new overdraft feature on the M-Pesa platform in just eight days, surpassing its CEO’s expectations, he said on Thursday.
FRAUDSTERS Indeed, Safaricom, one of the major wireless service providers, admitted that Sh20 million was lost to mobile money fraudsters last year.
Telkom plans to use part of the investment to further expand Fiber-to-the-Building (FTTB) Network, a market currently led by Safaricom.
Today, the Communications Authority of Kenya (CA) has contracted Safaricom to set up a base transceiver station in the area, which enables business people like Ms Ekiru to withdraw money directly from their banks into M-Pesa accounts and shop for goods.
Telkom Kenya is the third-largest telco in Kenya with over five million users, behind market leader Safaricom with over 30 million and Airtel Kenya, with 10 million-plus customers.
Capital Markets Citi lifts Safaricom stock to 'buy' on M-Pesa overdraft Citi Global Markets has revised Safaricom #ticker:SCOM stock from ‘neutral’ to ‘buy’ status, tipping the new overdraft features on M-Pesa and growing e-commerce to push the net earnings above Sh61 billion.
India’s Bharti Airtel is in plans to buy out 50 per cent of Telkom Kenya to create a stronger challenger to Safaricom, sources close to the two have revealed.
providers fined One of the residents, Timothy Njihia, reveals he had written letters to Safaricom, Airtel Kenya and Telkon Kenya, asking them to enhance connectivity in the area.
Airtel Kenya has revived talks with Telkom Kenya for a possible merger or buyout that is expected to create a financially strong outfit to compete with market leader Safaricom #ticker:SCOM.
Companies Safaricom, Telkom connect thousands in Kilifi and Kwale Residents of remote villages of Kilifi and Kwale counties can now make and receive calls after Safaricom #ticker:SCOM and Telkom Kenya installed base transceiver stations in a Sh1.24 billion project with the sector regulator.