Safaricom in Talks With U.S. Giant Amazon on Mobile Payments
Bella Genga, Bloomberg News A Safaricom Plc M-Pesa mobile money service logo at a retail kiosk in central Nairobi, Kenya, on Tuesday, May 11, 2021. Revenue from M-Pesa, Safaricom s mobile-money service, is expected to grow after more customers have adopted cashless transactions during the coronavirus pandemic. Photographer: Patrick Meinhardt/Bloomberg , Bloomberg
(Bloomberg)
Safaricom Plc of Kenya is holding talks with Amazon.com Inc. about the use of mobile-money service M-Pesa on the e-commerce giantâs platform, part of efforts to expand global reach and bounce back from a first profit decline in a decade.
Could a deal with Amazon boost Safaricom s M-Pesa service? developingtelecoms.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from developingtelecoms.com Daily Mail and Mail on Sunday newspapers.
The Globe and Mail GILLIAN LIVINGSTON Published December 10, 2020
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The COVID-19 pandemic threw new challenges at retailers in 2020, with mandated closures of physical stores accelerating the shift to online shopping, creating opportunities for investors in e-commerce exchange-traded funds.
Many e-commerce ETFs have doubled so far this year and, with the retail industry’s crucial holiday shopping season in full swing, investors are wondering if there are more sector gains ahead.
The National Retail Federation in the U.S. is forecasting holiday spending to increase between 3.6 per cent and 5.2 per cent to between US$755.3-billion and US$766.7-billion this year. That compares with an average of 3.5 per cent over the past five years. The numbers include online sales, which are expected to grow between 20 per cent and 30 per cent to between $202.5-billion and $218.4-billion.