Vodacom & Bidvest to re-launch M-Pesa - CNBC Africa

Vodacom & Bidvest to re-launch M-Pesa


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Vodacom intially launched its M-Pesa service in 2010 but failed to attract South African mobile users. PHOTO: Wikimedia

“We are delighted to be selected as the banking platform for Vodacom’s M-Pesa service. Vodacom sets high performance standards and we regard our selection as an endorsement of the system reliability at Bidvest Bank and the professionalism of our people,” said Japie van Niekerk, managing director of the financial services provider, Bidvest Bank.

 (READ MORE: Bidvest revenue grows 18.9% as investment activity rises )

“We form relationships with leaders in South Africa and across international markets. Vodacom is an African mobile communications leader with huge credibility. We’re delighted to work in partnership with a top performer of such stature.”

(READ MORE: Vodacom proves 'fastest network' claim)

Initially, [DATA VOD:Vodacom Limited] had failed to attract South African mobile users to its M-Pesa offering when it was launched in 2010. However, Shameel Joosub, chief executive officer of the Vodacom Group, believes that its partnership with Bidvest has added considerable value to the M-Pesa service  

(READ MORE: Strong customer progress drives Vodacom's growth)

“While distribution and registration are key enabling factors, the heart of the revised M-Pesa is the functionality. We're excited to be working with a new partner, Bidvest Bank whose skills and expertise allowed us to add entirely new functionality to M-Pesa that addresses the specific needs of the South African market,” he said.

The revamped M-Pesa service will be launched through 8,000 agents at both informal outlets and major retail partners.

(READ MORE: The changing face of Africa's telecoms sector