Mobile money giant, Mpesa, may be headed the Facebook way. The Facebook creator was in Kenya over the course of last week, an impromptu visit that caused a stir on Global Tech business scene. It was the first time that Mark Eliot showed envy on the largest Mobile money company on the planet. Mark made one of the largest buyouts in history when he bought social messaging company Whatsapp. He also bought the premiere photo sharing app Instagram both of which have grown to over a billion monthly users making them the largest social networks and on top ten Websites on Alexa.
What it means for Mpesa
If Facebook finally manages to acquire Mpesa, it will become a global company. It will have advantage of a worldwide exposure through merging with Facebook and it will get world class infrastructure by the elites of the Tech business. Charges will go down, most probably so low due to a Large user base. The negotiations are on going and soon we may be cerebrating one of our own, Changing lives around the globe.
Teron Futures 
Who is Mark Eliot?
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Not a bad thing at all…we need a well wired global economy to improve efficiency
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Cryptocurrency has a huge upside. You can profit while Zuck et al dither — http://www.cryptocurrency.academy
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Hype hype hype,buzz buzz buzz….that’s good for the business mogul not exactly substantial to you and me,so whats the excitement?
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Realy!?
cant we ever have a thing of our own for the world to be proud of? without buying ” Buying ud.. to own us”
Not so gud
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Most of you guys are just hating….Give your comments without hating on the writer
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I doubt that whoever wrote this post write it without prove. You can’t just say something like this if it hasn’t got substance. I think it does. Time will tell.
Want to read something solemn? http://www.scotfreesite.wordpress.com
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Mark Elliot????? Credibility thrown out the window
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The the Onwers of the company should just give him equity ownership as opposed to outright purchase.
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Reblogged this on Herman Clive Quotes and commented:
If he has got the money then why not?
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First of all this is a rubbish article.
However, I will go ahead and discuss the possibility.
MPESA (by this I mean Safaricom) have been too stingy for the longest. Their API is the whackiest. Integrating it into anything is hell. Even their very own littlecab (Little CAB Promo Code : L8670568) has too much friction. (I mean you have to launch Lipa na MPESA to pay. Why not just press a button and puff its paid). — Facebook is a pro in building platforms, they might help in changing MPESA to a platform as it should be.
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Credible or not
What is cerebrating?! Can the writer rectify that first then we can question his credibility
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We don’t feel like Rectifying that. We feel comfortable as it is, what we hope you can rectify is your Ego, because it does not prove that you are Smart, it shows you are a sad, pathetic Kenyan who feeds on Typos. Change that.
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Somebody stop this…..this is impending doom!
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this whites think africans should not be entitled to anything,meanwhile visit
http://wooferguy.com/best-home-theater-subwoofer/
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You know it’s a kenyan article when the writer shrubs the word celebrating. Lol oh Lord.
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First of all, who is Mark Elliot? I thought that the founder of Facebook/CEO is Mark Zuckerberg? You can’t make such an error and go ahead to publish it.
Secondly, what exactly are we celebrating? How does this deal help Kenyans exactly? I have seen lots of people speculating that the cost of transactions will go down. That might be the case, and if so, then good for us. But what if it does not happen? What if having Facebook as an owner actually makes M-Pesa more expensive? And then, of course, there is the issue of tailored advertisements. Facebook will now have all our information, down to our IDs. Goodbye privacy.
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Boss, Google is your friend Mark Elliot Zuckerberg.
https://www.google.com/webhp?sourceid=chrome-instant&ion=1&espv=2&ie=UTF-8#q=Mark%20zuckerberg
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No way ! It’s good to think that big but remember MPESA belongs to the Kenyan people together with Vodafine. This just part or one of those discussions where we can build castles in the air and live in them! It’s nice to want to get people’s perspective and it’s another thing to talk about good topics or good ideas and NOT ANY topic/idea!
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Who is this Mark Eliot guy that is mentioned in the article? #getyourfactsright
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I have heard that a million time maybe it’s a typo. What is Facebook’s C.E.Os name?
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Fred Okello
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Who the hell is Mark Eliot?
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Wuoloolo! wuololo !this could help us escape big rates and make Kenya known by other countries as IT coontry
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Mpesa will turn to cryptocurrency and use its underlying technology block chain
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We will be CEREBRATING in deed! Just like u said..
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What is the source of this article? Substantiate your claims. .
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I could only say a couple good things about the move if I knew well how the global capitalism works.😯
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wow …mpesa is a true innovations by kenyans
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I think MPesa is brilliant, Kenyan born and bred and it should stay that way. This amazing mobile money system is something Kenyans themselves should be marketing all over the world and gaining the benefits from. It’s also a good way of doing away with high interest rates on loans and putting the banks in their places.
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How is it a Kenyan innovation.The computer software that runs these systems are all american
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Okay first of all this article is not true at all. What value would MPESA add to Facebook? Mpesa has only been successful in a few African countries where access to a banking system is hard. Vodafone even had to discontinue Mpesa in South Africa because it was a total flop. So billionaire stalker or whoever you are please stop lying to Kenyans and write facts for a change leave the gutter press work to Mpasho.
https://cfi-blog.org/2016/06/17/vodacom-discontinues-m-pesa-in-south-africa/
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i second you… this article is for traffic nothing credible here
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Despite the Fact that I agree with you that this was simply a traffic trap, I beg to disagree with you on what MPESA can offer Facebook.
Last year FB introduced friend to friend payments (https://techcrunch.com/2015/03/17/facebook-pay/). FB the owner of Whatsapp (over 1B users) is very much interested in learning how mobile payments happen.
MPESA is may be smallish, https://en.wikipedia.org/wiki/M-Pesa. However, mobile (network based) money transfer is huge. With MPESA on its back, FB will have a product to spread to the rest of Africa.
Therefore, by buying MPESA (very unlikely), Facebook will be able to integrate this popular mobile transfer in its network (besides cards and paypal – Rest of the world) hence catapulting it into a top money transfer network in the world.
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Kennedy-For a product or service to be successful (huge) you need to be able to convince people that they definitely need that service in their life or it is much better than what they have at the moment hence the success of Mpesa in SubSaharan Africa. It would not be as greatly accepted by the rest of the world. Why?; they have credit cards that they can link to their phones and almost all the apps. banks are coming up with apps that you can use to transfer money to your credit card, another account e.t.c I do not see how Mpesa is different or better than that service. My 2 cents.
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Not a good idea. Let Kenya expound on it’s own invention.
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He should buy NOT the majority shares. The technology should still an EAC technological copyrighted.
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M-Pesa has taken too long to reach its true potential. Other players are now using its technology all over the world and getting the money it would be making had someone had the courage to expand to new markets.
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Not a good idea at all. Nigerians will be able to hack our facebook accounts like they do these social media accounts. Many old men and women have been ripped off through these social sites.
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Kenyans don’t know the This Billioner guys you guys a sucking up to will destroy Kenya while y’all are blinded by the dollars they are waving around . Remember they came with the Bible the first time .
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Exactly. And that’s how the New Worl Order gets integrated slowly by slowly into Kenya. Once this buyout is achieved, the NWO will be sealed worldwide since Africa is still adamant to let go of culture and ancestral custom. Wake up people!
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nail on the head
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It’s our baby born(mpesa), let rear it to the fullest.
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At least Africa (Kenya) is exporting technology aint this a great thing? Q? who owns Mpesa… it’s business so if the owners want to sell it let them do… that’s my local common sense… I don’t see any problem in buying and selling.. foreign investment it is!!… the question should be how is it going to affect the consumer and the pool of innovators and startups. this could translate to a great thing and a boost to the industry…localy & globally… Mpesa to needs evolution and growth just like any global minded products. our reasoning should be factual and logical not fear of unknown.. what’s the impact of the trade. Africa should be ready for such things.. again WHO OWNS MPESA? is it local or foreign??? How did they acquire it in the fast place?
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MPESA is owned by Vodafone.
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nop mpesa is owned by safaricom Kenya, vodafone only has shares….. its also housed in safaricom kenya where it originated.
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@root@E-huni:~#apt-get install mpesa Nope! Mpesa is owned by Vodafone but run by safaricom in Kenya. Similarly in other countries it is run by a Vodafone subsidiary. Only recently has the platform started being hosted locally, it was being hosted in Germany before that. It’s definitely not owned by safaricom Kenya.
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We will be screwed for life…. It will back fire!
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How so? It’s intellectually inadequate to make a statement without providing credible evidence to support your position.
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The writer of the post, unlike very many people was in a closed door meeting with Zuckerberg. He showed so much willingness and expressed it too.
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I agree. This article sounds like the random thoughts (and/or hopes) of a pedestrian.
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I agree with “Me”. This article sounds like the random thoughts (and/or hopes) of a pedestrian.
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Exactly. The piece lacks evidence to back it up and ends up being more of its writer’s opinion.
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I agree with you, this is not just a statement, i do not agree with this article, it lacks credibility
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Reblogged this on www3235 and commented:
It’s going to be a good thing if it happens
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Yeah, sure thing. We hope it does.
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Yes ,it’s gonna be a good thing I guess, more opportunities will be opened
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Oh really, could that really be good for Safaricom or bad? Wouldn’t that mean more interest rates like Western union or money gram?
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However much that, but it’s gonna enable people to send and receive money easily worldwide though they may gonna charge high rates on sending I guess
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