M-Pesa To Double Transaction Capacity By 2015

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Written by Makula Dunbar

Written by Gabriella Mulligan | From IT Web Africa

Transaction capacity on Safaricom Kenya’s mobile money product, M-Pesa, is expected to double in early 2015, says the company’s chief executive officer (CEO) Bob Collymore.
Part of the planned upgrade — which has been three years in the making — includes the relocation of M-Pesa servers from Europe to Kenya.

Collymore has told ITWeb Africa that 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 is dimensioned 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,” Collymore said. “The new M-Pesa platform has been some time in the planning and its introduction is expected in early next year.

Read more at IT Web Africa