In Summary

In an interview with the Nation, the company’s chief executive, Mr Bob Collymore, said specifications for the new M-Pesa platforms have already been designed and the tendering process has started

The new platform will at first be tested in Eastern Europe, a less vulnerable market than Kenya where the system serves about 15 million customers with over 270 transactions per second

The new platform will be owned and managed by Safaricom but the company will still pay royalties for using Vodafone’s intellectual property. A new rate will be negotiated

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