Safaricom has opened up M-Pesa allowing local and international developers to create applications that use the platform as the main payment option.
Developers can now innovate products that assist in development of financial products and grow their own businesses linking them to M-pesa, this has however come after a long wait
Ms Mwangi said, “we do however accept that innovation cannot come from us alone- it takes partnerships to come up with some of the best possible solutions that will help transform lives.”
The developers are expected to come up with innovative services for business to consumer, consumer to business, and business to business channels that can run off the new M-Pesa platform.
The move now complements other recent initiatives aimed at boosting M-Pesa transactions and entrenching a cash lite economy through Lipa Na M-Pesa which is an e-commerce platform..