Vodacom moves on M-Pesa refresh
Vodacom has informed M-Pesa customers via SMS that they will not be able to transact over Nedbank ATMs from 15 January 2014 “until further notice”.
The mobile operator asked clients to use Nedbank branches and M-Pesa outlets to move money to or from their accounts.
This announcement comes after Vodacom revealed in November 2013 that it plans to relaunch M-Pesa during the first quarter of 2014.
Vodacom CEO Shameel Joosub said at the time that M-Pesa has “a couple of hundred thousands customers” in South Africa.
Nedbank launched M-Pesa in partnership with Vodacom in August 2010, and now boasts more than 1.2 million registered users.
Asked about the announcement, a Vodacom spokesperson told MyBroadband that it is part of the revamp that they are working on.
“We’ll be giving a full update in the new year,” Vodacom said.
Nedbank’s refresh plans
Earlier in December, Nedbank said it aims to re-launch its mobile money service, M-Pesa, onto a new IT platform that will interface directly into banks.
“Nedbank and Vodacom have drawn valuable learnings and insights from the M-Pesa roll-out, and the M-Pesa product is being re-launched in the near future onto a new IT platform,” said Ilze Wagener, head of digital innovation and payments at Nedbank.
“[The platform] will interface directly into banks and will include the expansion of the distribution channel to add on more points of sale and more transactional capabilities,” she said.
More on M-Pesa
Nedbank looks to refresh M-Pesa
Vodacom targets M-Pesa in SA, again
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