Safaricom unveils new M-PESA platform capable of processing 6,000 transactions per second
Safaricom has rolled out a new technology platform powering its M-PESA services, increasing its transaction processing capacity from approximately 4,500 to 6,000 transactions per second as the telecommunications giant moves to strengthen the reliability and security of its financial services business. The new platform, known as Fintech 2.0, marks a major shift in the technology […]
Safaricom, a leading telecommunications company in Kenya, has introduced a new M-PESA platform, dubbed Fintech 2.0, designed to significantly boost the transaction processing capacity for its financial services. The company's FY2026 Annual Report reveals that the new platform has increased the transaction processing capacity from approximately 4,500 to 6,000 transactions per second, with room for expansion to 10,000 transactions per second.
The upgrade aims to enhance the reliability and security of Safaricom's financial services and accommodate growing transaction volumes, new financial products, and improved customer experience.
Fintech 2.0 adopts a microservices-led architecture, replacing the previous, more centralized technology environment, and isolating technical issues within specific components. This architecture enables greater flexibility to develop and introduce new services. The platform operates on a hybrid cloud and on-premises infrastructure, bolstering Safaricom's capacity to introduce additional financial products like tap-to-pay services, shared wallets, and advanced fraud management tools.
Safaricom's investment in Fintech 2.0 aligns with its ambition to become Africa's leading purpose-led technology company by 2030. The new platform not only strengthens Safaricom's position in the competitive financial services market but also supports M-PESA's growing influence in Kenya's financial sector. In the latest reporting period, M-PESA processed more than 136 million daily transactions for 40.66 million customers, handling Ksh41.68 trillion in transactions, equivalent to approximately 2.4 times Kenya's GDP.
The Fintech 2.0 upgrade further bolsters the platform's capability to cater to the evolving needs of millions of users across Kenya.
Written by urgent.news from People Daily Kenya's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
