Cellphone group Vodacom and its partner, financial services firm Nedbank, will launch M-Pesa, Kenya’s wildly popular money transfer service, in SA at the end of August. The two companies have set 31 August as the date for the product’s official SA launch.

Earlier this year, Vodacom parent, the UK’s Vodafone, said introducing M-Pesa in SA would “enable millions of mobile phone subscribers who haveaccess to a cellphone, but do not have or have only limited access to abank account, to send and receive money via their phones”.