We’ve barely scratched the surface of M-Pesa, says Vodacom
Thabiso Machiko talks to Vodacom International’s Diego Gutierrez about ambitious plans for the mobile money platform’s expansion
Vodacom is on a mission to massively grow its mobile money business, and has tapped into the experience of Diego Gutierrez to do so. Gutierrez has 16 years’ experience in the telecommunications industry in Africa and Latin America.Vodacom wants 50-million mobile money users in three years, up from the current 35-million. Gutierrez, who is the current chief operating officer of international business for the Vodacom group, overseeing its international operations, believes this is achievable since "we are still scratching the surface on M-Pesa". M-Pesa, started in Kenya by Vodacom unit Safaricom, has been extended to Tanzania, Lesotho, Mozambique and the Democratic Republic of Congo. During the year to March, the M-Pesa platform processed transactions worth $1.9bn, generating a 19.6% increase in M-Pesa revenue to R2.3bn.Gutierrez is a former executive of Millicom, a telecoms company that also operates mobile financial services brand Tigo. In Africa it operates in Chad, Ghana and Tanza...
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