M-PESA is finally getting Tap-to-Pay, wallet sharing & AI fraud detection with major ‘Fintech 2.0’ upgrade

Safaricom is revamping its cornerstone mobile money platform, M-PESA, to meet the escalating demands of the modern digital economy. Group CEO Dr. Peter Ndegwa..

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M-PESA is undergoing a major "Fintech 2.0" upgrade, introducing features like tap-to-pay, wallet sharing, and AI-powered fraud detection. This significant revamp aims to meet modern digital economy demands and enhance both convenience and security for users.

The upgrade, dubbed "Fintech 2.0," promises "more speeds, more capacity, therefore more resilience."
Safaricom Group CEO Dr. Peter Ndegwa confirmed the rollout, emphasizing a complete architectural overhaul.
New features include native tap to pay, enabling users to grant transactional access to their M-PESA funds, and a bill-splitting functionality.
The platform will integrate AI for proactive fraud detection, strengthening security against sophisticated scams like SIM swap fraud.

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