Safaricom has announced the sealed deal with Aliexpress to use M-Pesa to make payments for purchases made on China-based site, Aliexpress. Aliexpress is run by Jack Ma’s Alibaba Group.
M-Pesa which launched in 2007has promoted financial inclusivity by being the go-to cash transfer and savings platform for low income Kenyans who may not have traditional bank accounts. The service now offers a much wider range of payment services, loans and savings to more than 20 million Kenyans.
Under the deal, Ant Financial, the Alibaba affiliate currently running the portal’s payment services, will offer M-Pesa as one of the payment options with transactions denominated in Kenyan shillings, Safaricom said.
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A statement by Safaricom said, “The move especially targets micro-traders in the country who source goods and other supplies from manufacturers in China.”
“Our more than 21 million customers can now enjoy the safety, reliability and convenience of M-Pesa when shopping on Aliexpress. This partnership seeks to connect Kenyans to even more business opportunities by enabling them to seamlessly source, purchase and import goods from the world’s leading manufacturers,” said Mulinge.
The integration of MPesa is expected to be complete within a couple of weeks.
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