Telecommunications giant Safaricom on last Saturday launched M-Pesa Go, a new financial product for teens and students aged 10 to 17 years.
According to Safaricom the new product seeks to empower parents and guardians to help their children be financially independent and ready to get integrated into a cashless world as well as digital money management and financial literacy.
The new M-Pesa Go will help the teens access products such as sending and receiving money, buy data and airtime, Use Lipa na M-Pesa services.
“It will enable users to send and receive money, buy airtime and bundles, use Lipa na M-Pesa services, and access a customized version of the M-Pesa Super App dubbed M-Pesa Go App. To safeguard users, M-Pesa Go restricts services such as withdrawing money, access to digital loans, and betting or forex payments,” read the statement.
Safaricom's CEO Peter Ndegwa, during the launch said that they as a telecommunication provider agency they are committed to empowering and transforming the lives of its customers.
“As M-Pesa we are committed to empowering and transforming the lives of everyone, and in M-Pesa Go, we are providing a revolutionary product designed for youngsters, but with oversight by parents or guardians. Leveraging the M-Pesa Super App, we plan to introduce a financial literacy platform that will equip children with tools for managing money.”
The M-Pesa Super App is also the gateway through which parents and guardians can guide their children’s financial journey, as it contains monitoring and tracking features, and parental control features such as setting transaction limits.
One of the Mini-Apps available on the M-Pesa Super App is Kodris Africa, the provider of Kenya’s first-ever government-approved program for teaching coding.
For 60 days, starting November 26, 2022, parent’s looking to get their children started on the coding journey can purchase an annual Kodris Africa subscription via the M-Pesa App and enjoy 50% off.