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In March 2007, Safaricom, which is part owned by Vodafone and the leading mobile communication provider in Kenya, launched mobile payment software developed by Vodafone. [211] By February 2008, the M-PESA money transfer system in Kenya had gained 1.6 million customers. [212]
M-PESA (M for mobile, PESA is Swahili for money) is a mobile phone-based money transfer service, payments and micro-financing service, launched in 2007 by Vodafone and Safaricom, the largest mobile network operator in Kenya. [1] It has since expanded to Tanzania, Mozambique, DRC, Lesotho, Ghana, Egypt, Afghanistan, South Africa and Ethiopia.
Wireless Application Protocol ( WAP) is a now obsolete technical standard for accessing information over a mobile cellular network. Introduced in 1999, [ 1] WAP allowed at launch users with compatible mobile devices to browse content such as news, weather and sports scores provided by mobile network operators, specially designed for the limited ...
The subscription business model is a business model in which a customer must pay a recurring price at regular intervals for access to a product or service. The model was pioneered by publishers of books and periodicals in the 17th century, [1] and is now used by many businesses, websites [2] and even pharmaceutical companies in partnership with ...
e. Mobile payment, also referred to as mobile money, mobile money transferand mobile wallet, is any of various paymentprocessing services operated under financial regulationsand performed from or via a mobile device. Instead of paying with cash, cheque, or credit card, a consumer can use a payment appon a mobile device to pay for a wide range ...
Contactless payment systems are credit cards and debit cards, key fobs, smart cards, or other devices, including smartphones and other mobile devices, that use radio-frequency identification (RFID) or near-field communication (NFC) for making secure payments. The embedded integrated circuit chip and antenna enable consumers to wave their card ...
In 2015 Carta partnered with Visa Inc. and Vodafone to enable contactless bank card payments. The Vodafone wallet uses a hybrid of a hardware SIM card and cloud-based tokenization . [19] Carta Worldwide enabled groundbreaking digital payments launch that allowed PayPal accounts to transact across Visa network in Europe. [2]
Website. enterprise .vodafone .com. Vodafone Global Enterprise is a multinational company which provides telecommunications and information technology services to large corporations, and a wholly owned subsidiary of Vodafone Group. [3] It is headquartered in London, England and was established in April 2007. [4]