{"id":31254,"date":"2023-07-12T08:54:04","date_gmt":"2023-07-12T08:54:04","guid":{"rendered":"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions"},"modified":"2023-07-12T09:07:36","modified_gmt":"2023-07-12T09:07:36","slug":"driving-innovation-in-financial-transactions","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions","title":{"rendered":"Driving innovation in financial transactions"},"content":{"rendered":"

Africa-Press – Lesotho. <\/strong><\/span>IN the bustling landscape of Lesotho, one name stands out as a driving force behind job creation, economic empowerment, and technological change \u2013 M-Pesa.<\/p>\n

The Vodacom Lesotho Services managing director, Palesa Mphunyetsane, says this ground-breaking mobile money platform has transformed the way people transact.<\/p>\n

Its impact on job creation and economic productivity is nothing short of remarkable. \u201cAt the heart of M-Pesa\u2019s success is its agents and merchants who form a dynamic network across the country,\u201d Mphunyetsane said.<\/p>\n

She also said M-Pesa directly employs a team of 45 skilled professionals, including interns and graduate trainees, who contribute their expertise in technology, IT, and sales.<\/p>\n

She added that to maintain the extensive agent network, M-Pesa works in tandem with 35 float runners and aggregators employees who specialise in supporting and maintaining the agents.<\/p>\n

\u201cThese individuals play a crucial role in ensuring smooth operations, offering vital assistance to agents and merchants, and ensuring that customer transactions are processed seamlessly,\u201d she said.<\/p>\n

Mphunyetsane said M-Pesa boasts an impressive network of 12 000 agents spread across Lesotho, saying the agents are not just entrepreneurs and small business owners but they are the backbone of M-Pesa. They bring its services closer to the people, she said.<\/p>\n

\u201cThrough their participation in the M-Pesa network, agents not only contribute to financial inclusion but also generate income for themselves, supporting their livelihoods and bolstering local economies.<\/p>\n

Moreover, she said, M-Pesa empowers merchants by providing them with the tools to accept mobile payments, adding that currently there are more than 8 000 active merchants in Lesotho who have integrated M-Pesa into their businesses.<\/p>\n

\u201cAs these merchants expand their customer base and experience growth, they often require additional staff to support their operations.
\nShe said more than 60-foot soldiers are employed to support the growth of agents and merchants saying the dynamic individuals act as a catalyst on the ground, working closely with agents and merchants to ensure their success.<\/p>\n

She said M-Pesa\u2019s bulk payment solutions play a crucial role in driving overall economic productivity in Lesotho. \u201cBy digitising and automating payment processes, M-Pesa simplifies and accelerates transactions for organisations, businesses, and government agencies,\u201d she said.<\/p>\n

\u201cThis streamlined approach saves time, effort, and resources.<\/p>\n

\u201d She added that M-Pesa\u2019s impact on job creation, economic growth, and technological expertise in Lesotho is undeniable.<\/p>\n

\u201cThrough its network of agents and merchants, direct employment of skilled professionals, outsourced support, and employment of young foot soldiers, M-Pesa has become a catalyst for change.\u201d<\/p>\n

For More News And Analysis About Lesotho<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Lesotho. IN the bustling landscape of Lesotho, one name stands out as a driving force behind job creation, economic empowerment, and technological change \u2013 M-Pesa. The Vodacom Lesotho Services managing director, Palesa Mphunyetsane, says this ground-breaking mobile money platform has transformed the way people transact. Its impact on job creation and economic productivity […]<\/p>\n","protected":false},"author":84,"featured_media":31253,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,7],"tags":[233,246,1397,245],"class_list":["post-31254","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-head-lines","tag-africa-press","tag-africa-press-lesotho","tag-economies","tag-lesotho"],"yoast_head":"\nDriving innovation in financial transactions - Lesotho<\/title>\n<meta name=\"description\" content=\"IN the bustling landscape of Lesotho, one name stands out as a driving force behind job creation, economic empowerment, ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Driving innovation in financial transactions\" \/>\n<meta property=\"og:description\" content=\"IN the bustling landscape of Lesotho, one name stands out as a driving force behind job creation, economic empowerment, ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions\" \/>\n<meta property=\"og:site_name\" content=\"Lesotho\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-12T08:54:04+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-07-12T09:07:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/07\/sm_1689136612.955104.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1280\" \/>\n\t<meta property=\"og:image:height\" content=\"720\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Driving innovation in financial transactions\",\"datePublished\":\"2023-07-12T08:54:04+00:00\",\"dateModified\":\"2023-07-12T09:07:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions\"},\"wordCount\":421,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/lesotho\/sites\/62\/2023\/07\/sm_1689136612.955104.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Lesotho\",\"economies\",\"Lesotho\"],\"articleSection\":[\"all news\",\"economy\",\"head lines\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions\",\"url\":\"https:\/\/www.africa-press.net\/lesotho\/all-news\/driving-innovation-in-financial-transactions\",\"name\":\"Driving innovation in financial transactions - 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