M-Pesa goes global.

Position:Kaleidoscope - Deal between Kenya's mobile money payment system and Western Union

Kenya's celebrated mobile money payment system, M-Pesa, has announced a landmark deal with Western Union that will allow users to send money all over the world.

Kenya is home to over 23m active M-Pesa users, who will now be able to send money directly to Western Union's 500,000 global accounts. Safaricom, which runs M-Pesa, also announced that payments will be facilitated to global bank accounts within the coming weeks.

From its humble roots 11 years ago as a platform for transferring small payments between users, M-Pesa has grown into a service...

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