Vodafone CEO Hints at Spin-Off of Mobile Money Platform M-Pesa

M-Pesa could grow ‘in different ways’ after legal carve-out
M-Pesa has become a pillar of some East African economies

A kiosk offering M-Pesa services in Nairobi, Kenya. — A kiosk offering M-Pesa services in Nairobi, Kenya.Photographer: Patrick Meinhardt/Bloomberg

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July 23, 2021 at 5:33 AM EDT

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Vodafone Group Plc hinted it could spin off its African mobile money service M-Pesa after its popularity soared through the coronavirus pandemic.

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Before it’s here, it’s on the Bloomberg Terminal