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    Mawingu Networks secures $9 million in funding for rural internet expansion in Kenya

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    Reed Hastings steps down as Netflix CEO

    Reed Hastings steps down as Netflix CEO

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

    Apple unveils new Mac Mini with M2 and M2 Pro for enhanced performance

    High Court orders suspension of bank to MPesa charges

    High Court orders suspension of bank to MPesa charges

    Government announces plan to manufacture smartphones for under KES 5,000 by year-end

    Government announces plan to manufacture smartphones for under KES 5,000 by year-end

    Safaricom’s Fuliza subscribers can now withdraw their limit at MPesa agent shops

    Safaricom’s Fuliza subscribers can now withdraw their limit at MPesa agent shops

    Microsoft exploring integration of OpenAI’s GPT technology into Office apps

    Microsoft exploring integration of OpenAI’s GPT technology into Office apps

    YouTube to allow creators to monetize Shorts content starting February 1

    YouTube to allow creators to monetize Shorts content starting February 1

    Safaricom launches 5G Wi-Fi service, starts at KES 3,499

    Safaricom launches 5G Wi-Fi service, starts at KES 3,499

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    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Apple unveils 14-inch and 16-inch MacBook Pro with M2 Pro and M2 Max chips

    Complete list of Macs that will run macOS Ventura

    Complete list of Macs that will run macOS Ventura

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Apple unleashes new MacBook Pros with powerful chips, more ports and a notch

    Laptop buying mistakes you should avoid

    Laptop buying mistakes you should avoid

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    Lenovo X1 Carbon 5th Generation Review: just good enough

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    Samsung’s Galaxy S23 Unpacked event: All you need to know

    Samsung’s Galaxy S23 Unpacked event: All you need to know

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    TECNO launches PHANTOM X2 Series with retractable portrait lens in Kenya

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Samsung’s first 2023 Galaxy A series phone comes with 5G, and it’s cheap

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    Tecno announces Eliud Kipchoge as brand ambassador for PHANTOM X2 Series

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    TECNO Mobile opens pre-orders for Phantom X2 smartphone series in Kenya

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Xiaomi Redmi A1+: Best budget smartphone in 2022?

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    Tecno Camon 19 Pro Mondrian Edition launches in Kenya for KES 35,000

    All you need to know about the new iPhone 14 lineup

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    Xiaomi 12S Series flagship features a huge 1-inch sensor

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MPesa listed among the Top 100 Cross-Border Payment Companies in 2022

Brian Murimi by Brian Murimi
March 31, 2022
in News
Reading Time: 2 mins read
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MPesa listed among the Top 100 Cross-Border Payment Companies in 2022
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FXC Intelligence, a leading specialist source of global payments data, has included MPesa in its annual Top 100 Cross-Border Payments Companies list.

FXC Intelligence is a financial data firm that follows over 15,000 companies in the cross-border payments industry. It specializes in international payments, cards, and ecommerce, with a focus on price data. The 100 firms that have championed innovation in global payments and are best positioned to lead the next era of payments excellence are recognized and celebrated in the 2022 Cross-Border Payments 100 list.

“Founded by Vodafone and Safaricom (a leading telecoms provider in Kenya) M-PESA is a mobile phone-based money transfer service. It enables cross-border payments for more than 51 million customers across seven countries in Africa with secure international transfers via their mobile phones. More than $314bn in transactions is sent annually with Kenya and Tanzania its two biggest markets.” wrote FXC Intelligence.

KEEPREADING

High Court orders suspension of bank to MPesa charges

Safaricom’s Fuliza subscribers can now withdraw their limit at MPesa agent shops

In the mobile category, MPesa was named alongside Airtel, Orange and IDT.

Recently, MPesa’s Super App took first place in the category of “Best Mobile Innovation for Connected Living,” beating out nominations from all over the world at Mobile World Congress in Barcelona.

To make the FXC Intelligence list; companies have to meet the following criteria;

To make our list, companies have to fulfill the following criteria:

Be of a certain scale. This is not a startup or VC list (there are lots of those). This is also not a challengers list (we have one of those too).

Companies don’t have to have raised outside funds, but they must have an established customer base.

Cross-border payments must either be the primary activity (many payment companies) or a substantial revenue line (certain banks, payment processors or card companies). With subsidiaries, we include them in the parent company, rather than listing them separately.

The list features companies across money transfers, payments processing, ecommerce, B2B and beyond. It separates the top 100 players into seven groups: VC/growth equity-backed, independently owned, banks, private equity-backed, mobile, crypto and public companies.

Other notable companies in the list include; Flutterwave, Chipper Cash, Stripe among others. The full list is available here.

Tags: MpesaSafricom
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Brian Murimi

Brian Murimi

Brian is the founding geek at the Netick. A tech enthusiast skilled in journalism, media relations, multi-platform broadcasting, and social media. Write to him via bryanmurimi@gmail.com

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