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Sports Betting in Kenya Lifts Vodafone Mobile-Money Volumes

  • Mobile money services handling 5 billion shillings per day
  • Relocation of servers from Germany has increased capacity
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Kenyans using mobile-money platform M-Pesa to bet on the outcome of sporting events helped Vodafone Plc’s unit in the East African country boost transaction volumes by 48 percent in the past year.

The service, offered by Safaricom Ltd. in East Africa’s biggest economy, is now transacting about 5 billion shillings ($50 million) day, Chief Executive Officer Bob Collymore, 57, said in an interview May 7 in the capital, Nairobi. M-Pesa, which means mobile money in the Swahili language, can now handle 900 transactions per second, compared with 320 previously, after Safaricom moved its servers to Kenya from Germany to improve efficiency, he said