Equity is going to eat Safaricom M-PESA

[RV Pundit]

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https://www.businessdailyafrica.com/corporate/companies/Interoperability-lifts-Equitel-s-growth-to-Sh711bn/4003102-4420650-15l9cnmz/index.html

[hk]

https://www.businessdailyafrica.com/corporate/companies/Interoperability-lifts-Equitel-s-growth-to-Sh711bn/4003102-4420650-15l9cnmz/index.html

pundit,

What's equitel ecommerce that's clocking $2.5b ? Surely it can't be derived from local ecommerce. Jumia which is clearly the dominant player has revenue of $600m operating in 23 countries https://www.businessdailyafrica.com/corporate/companies/Jumia-sinks-into-Sh14-billion-loss/4003102-4396688-baq1s7z/index.html . Is it from paypal payments that equity process that's obviously biggest slice is derived from remittance which total is only $1.5b. Or is it debit cards charges? I am little confused.

[RV Pundit]

Unless they mean M-commerce - as opposed to P2P transfers.

pundit,

What's equitel ecommerce that's clocking $2.5b ? Surely it can't be derived from local ecommerce. Jumia which is clearly the dominant player has revenue of $600m operating in 23 countries https://www.businessdailyafrica.com/corporate/companies/Jumia-sinks-into-Sh14-billion-loss/4003102-4396688-baq1s7z/index.html . Is it from paypal payments that equity process that's obviously biggest slice is derived from remittance which total is only $1.5b. Or is it debit cards charges? I am little confused.