Safaricom, Kenya's leading mobile network operator, has partnered with Western Union Company again to leverage Safaricom's M-PESA mobile wallet to unlock global money transfers for over 28 million mobile wallet holders. Utilizing Western Union's global money movement platform, this new M-PESA mobile wallet feature will expand Safaricom's money transfer system to over 200 countries and territories. This network of countries and territories will all be locations already part of Western Union's global money platform.
This expansion is key to the growth of the M-PESA mobile wallet which has already revolutionized financial inclusion in Kenya by allowing millions of Kenyans to receive money from abroad, store existing funds, make payments locally, all while leapfrogging traditional infrastructure. Ultimately, this mobile wallet expansion hopes to further mobile financial service operators to scale globally and send or receive money across borders.