M-Pesa deal grows its reach to Bangladesh and Pakistan

terrapay-saf

Chief Financial Services Officer Safaricom PLC Esther Waititu (L) poses for a photo with Founder & Chief Executive Officer of TerraPay Ambar Sur during the official launch of the partnership with TerraPay on July 19, 2023. PHOTO | POOL

Safaricom has announced a partnership with UK-based payments infrastructure company TerraPay in a bid to facilitate cross-border cash transfers to Bangladesh and Pakistan through the M-Pesa Global service.

In a statement, the telco said the deal will empower over 32 million M-Pesa customers to send and receive money to over 200 million people living in the two countries.