Vodacom Tanzania expands M-Pesa transfers in East Africa

Vodacom Tanzania has announced it now allows for direct money transfers from M-Pesa to bank accounts in the East African countries of Kenya, Uganda, Burundi and Rwanda and other mobile wallets.

M-Pesa customers were able to send mobile money to other Mobile money networks like Safaricom, Airtel and MTN but now Vodacom has broadened the reach across East African Markets for Tanzanian-based businesses and individuals. The increased functionality allows users in Tanzania to now send money directly to other mobile phone users and bank accounts in East Africa.

Vodacom has built a foundation of advancing access and use of basic digital financial services like remittances, bill payments, savings and loans and merchant’s payments. M-Pesa’s strategic focus is to play a role in driving Tanzania towards a cashless ecosystem.