M-Pesa continues to expand – capacity to double by 2015

Transaction capacity on Safaricom Kenya’s mobile money platform, M-Pesa, is expected to double in early 2015, says the company’s CEO Bob Collymore.

According to Collymore, the key drivers for the upgrade include dealing with greater transaction volumes and being more flexible when adjusting to differing network demands.
M-Pesa usage has soared in Kenya since its 2007 launch with over 19 million users today.

The current platform was designed to cope with just over 300 transactions per second. The new platform will be launched with a 600 transaction per second capability but scalable to meet increasing demand.

The M-Pesa transactions hit a total of US$11.2 billion this August.

Read more: IT Web Africa