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    Innovation Village | Technology, Product Reviews, Business
    You are at:Home»Africa»Safaricom Releases the MPESA API – Possibilities for Bitcoin?

    Safaricom Releases the MPESA API – Possibilities for Bitcoin?

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    By Tapiwa Matthew Mutisi on August 3, 2017 Africa, Customer Service, Ecommerce, Fintech, Innovation, Internet, Mobile, Mobile Money, Mobile Phones, News, Press Release, Products, Startups, Technology in Africa, Telecoms

    After receiving so much pressure from the developer community, Safaricom finally gave in and has announced that it will be releasing the MPESA API.

    The MPESA API platform comes as a result of a recent upgrade that Safaricom conducted on its MPESA platform. The old system, which the company described as G1, could only handle payments through what is known as Instant Payment Notification or IPN. To enable IPN the system had to create a number of workarounds to automate the payments. However, with the new system known as G2, they have solved this issue.

    G2 does much more. As the use of MPESA has grown, so has the potential uses for the technology, such that no serious institution in Kenya can do business without integrating MPESA into their customer relationship model. Due to the growth it is now necessary to enable MPESA handle B2C, C2B and B2B transactions. This will now be possible through the MPESA API.

    Some of the possibilities that the MPESA API now promises include automated payment receipt processing which will be very useful for utility bills, mobile, and e-commerce. The system comes with better security and validation that did not exist in the previous system.

    Another ability is automating the payment of disbursements. This would work in business to consumer transactions. The MPESA API enables developers seamlessly integrate different aspects of the payment process, and lastly the API will also enable reversals much more smoothly, in a case where, for example a customer pays for goods and services that are no longer offered by a merchant.

    Possibilities to Integrate Bitcoin

    Clearly, the release of the MPESA API presents clear opportunities for merchants and developers, and the possibility of integrating mobile payments into the block chain. While we can only dream up the kind of innovations that the MPESA API will spawn, its release to the public is now a clear sign that MPESA has come of age and is ready to go global.

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    Africa bitcoins E-commerce Mobile MPESA API Safaricom utility bills
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    Tapiwa Matthew Mutisi
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    Tapiwa Matthew Mutisi has been covering blockchain technology, intelligent technologies, cryptocurrency, cybersecurity, telecommunications technology, sustainability, autonomous vehicles, and other topics for Innovation Village since 2017. In the years since, he has published over 4,000 articles — a mix of breaking news, reviews, helpful how-tos, industry analysis, and more. | Open DM on Twitter @TapiwaMutisi

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    2 Comments

    1. Shola Araoye on August 3, 2017 2:29 pm

      MPESA has come of age and is ready to go global. The MPESA should be beneficial to the global. Good Innovation from Safaricom.

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    2. Pingback: Safaricom Releases the MPESA API – Possibilities for Bitcoin? | Androiddrips

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