Africa’s successful mobile phone-based money is increasingly being accepted for international transactions. Holland’s fashion retailer SuitSupply, a men’s fashion chain with more than 50 stores across the world, has added Safaricom’s M-Pesa, Airtel Money and yuCash on its online payment options.
Suitsupply has added the mobile money options in addition to credit cards and PayPal options. The high-end retailer is about to set up a franchise store in Nairobi, the first in Africa. It already offers African customers an online shopping portal. Adding M-Pesa as a payment option would make online shopping as seamless as it would be in Europe or the US, Suitsupply states.
“We are tailoring our services to each country’s specific needs hence the introduction of M-Pesa, yuCash and Airtel Money for Kenya,” said Fokke de Jong, the chief executive and founder of Suitsupply. According to Central Bank of Kenya data, Kenyans transacted Sh1.9 trillion on their mobile phones last year, equivalent to Sh5.2 billion daily.
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