Until we get M-PESA in the United States . . .

Western Union formally announced today its link-up with M-PESA to allow those of us in less developed countries, from an ICT standpoint, to make money transfers to M-PESA accounts.    From the Denver Business Journal:

People in Kenya have a new high-tech way to receive money, thanks to Englewood-based Western Union (NYSE: WU).

The money transfer giant on Thursday announced that consumers now can send money directly to mobile “wallets” in Kenya from 45 countries and territories — the first service of its kind in the world, the company said.

The service will use Western Union’s worldwide network for processing cross-border remittances, as well as M-PESA, a domestic mobile money-transfer service in Kenya that has attracted more than 13.5 million customers since its launch in 2007.

“This service between Western Union and M-PESA shows a huge advancement for money transfer,” said Rebecca Loevenguth, director of strategic alliances for Western Union. “We recognized high mobile penetration in these markets, and a low number of people who used banks. We are adapting to meet customers’ needs through a new channel.”

.  .  .  .

“We’ve been able to reach consumers who lived near our agent locations, but we may have been missing a huge segment that had an M-PESA account but weren’t using Western Union,” she said.

Kenyans use so-called mobile wallets, or money-transfer services, for cellphones, to shop, pay bills, save money and make person-to-person payments, Loevenguth said.

The consumer sends a payment request via an SMS text message and a charge is applied to their online wallet.

The Central Bank of Kenya reports that Kenyans living outside their home country sent $642 million home in 2010 — up from the $609 million in 2009.

I wonder how the Kenya Anti-Corruption Commission is coming toward recovery of the share of Safaricom that was diverted to Mobiltelea Ventures Limited?

2 thoughts on “Until we get M-PESA in the United States . . .

  1. We would like to introduce http://tuma-pesa.com/ , a Kenyan web-shop that allows Kenyans in the Diaspora to meet needs of families at home easy, fast and secure online.

    Kenyans living abroad can support their relatives and friends by sending pesa, airtime, and shopping vouchers using http://tuma-pesa.com/.

    In addition, Kenyan internet merchants with businesses located in Kenya can use Tuma-Pesa.com as payment portal to receive payments from abroad and donations on blogs.
    Compare the costs of Tuma-Pesa.com with other webstores, simular services such as bank transfers and enjoy our continuous special lower rates.
    Our office is located in Mtwapa next to Post Office and Tourist Police station. Please do not hesitate to visit our website.
    Many thanks,

    Eunice Mueni
    Online Support
    Web: http://tuma-pesa.com
    Email: info@tuma-pesa.com

  2. KenyaPesa offers Kenyans living in Canada an option to transfer cash to family, friends and businesses in Kenya and pay using Interac via instant bank transfer.

    The funds are delivered through Mpesa, Airtel Money, bank deposits and agent cash pick up in Kenya.

    We offer affordable fees and reasonable exchange rates.

    Feel free to contact our customer support using support@kenyapesa.com if you have any questions about our services

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