Vodacom Tanzania to expand M-PESA services via network upgrade

27 Jun 2012

The Guardian newspaper reports that Vodacom’s Tanzanian operating subsidiary intends to expand coverage of its popular money transfer service M-PESA to even the most remote parts of the country, by dint of the TZS130 billion (USD83.8 million) network upgrade it is currently undertaking. Rene Meza, managing director of Vodacom Tanzania, says that the M-PESA service – launched in 2008 – is now taken by almost three million subscribers, helping to drive overall customer growth. Speaking in February this year, Meza said the sharp increase in subscribers was largely driven by people signing up to M-PESA, which has a claimed 85% share of total e-mobile commerce transactions in the country. It is clear that the money transfer service has made a significant contribution to the socio economic development of the country and ‘revolutionised’ the way many people do business there.

Meza is now confident that, with the planned network upgrade, Vodacom will be able to open up some otherwise ‘uncovered’ areas to its products and services. As reported by TeleGeography’s GlobalComms Database, the Tanzanian operator’s South Africa-based parent, Vodacom Group, earlier reported that its unit in Tanzania increased its active subscriber base in the twelve months ended 31 March 2012, closing out the period with 9.665 million users, a market share of 40.5%.

Tanzania, Vodacom Tanzania,

Subscribe

Subscribe to CommsUpdate to get the day’s top telecom headlines delivered to your email.

Subscribe to CommsUpdate

Browse Past Issues

Filter

Filter CommsUpdate by the following categories or use the search.

Search

Visit our help page information on performing advanced searches, including how to restrict the results by country or company.

Advertise

CommsUpdate is an outstanding advertising venue for companies seeking to reach:

  • International carriers
  • Wholesale service providers
  • Equipment and software vendors
  • Telecom investors
  • Regulators

Learn more about advertising on CommsUpdate.

Share