M-Pesa’s API to Ease Integration with Other FinTech Platforms

Safaricom, the mobile network operator behind M-Pesa has released an Application Programming Interface (API) for all developers who want to create solutions tied directly into their payment systems.

M-Pesa is Kenya’s largest mobile money service and world’s most successful to date. About 43 percent of Kenya’s GDP flows through the service and close to 70% of Kenya’s adult population has an account for the service.

Safaricom’s website reads:

The new M-PESA platform dubbed G2 (for M-PESA 2nd generation platform) offers versatile integration capabilities that our development partners can take advantage of, to create excellent M-PESA journeys across the different industries they serve.

Apart from enabling Kenyans send and receive money fast through simple feature phones, the service also makes it possible for its users to pay bills and shop. M-pesa has also partnered with banks to offer its customers loans.

In April 2015, Safaricom moved M-Pesa’s servers to Kenya, which it declared will help improve services to customers.

While announcing the API launch in Nairobi Kenya, Betty Mwangi, Safaricom’s director of financial services explained that this step has been made possible by the company’s decision to transfer its servers from Germany to be hosted locally. 

 Betty Mwangi:

One of the advantages

Read more ... source: Cointelegraph