SA’s largest mobile operator, Vodacom, and Kenya’s biggest telecom company, Safaricom, said on Monday they have completed the acquisition of Kenya’s phone-based money transfer app, M-Pesa, from Vodafone through a newly created joint venture.

M-Pesa is said to be the largest phone-based payments platform in Africa with 40-million users, processing more than a billion transactions every month, according to Vodacom...

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