PepperstoneVisit Pepperstone74-89% of retail investor accounts lose money when trading CFDs
XMVisit XM77,37% of retail investor accounts lose money
M-Pesa (M for mobile, Pesa is Swahili for money) is a mobile phone-based money transfer service, payments, and micro-financing service, launched in 2007 by Vodafone for Safaricom and Vodacom, the largest mobile network operators in Kenya and Tanzania. It has since expanded to several other countries in Africa, Asia, and Europe.
M-Pesa allows users to deposit, withdraw, transfer money, and pay for goods and services (Lipa na M-Pesa) easily with a mobile device. It’s a safe, secure, and innovative way to manage your money and make financial transactions, without the need for a traditional bank account.
The rise of M-Pesa and its widespread adoption, especially in regions where traditional banking services are not as accessible, has made it a viable option for various online financial platforms, including forex brokerage firms.
We took the following factors into consideration when compiling this ranking:
- M-Pesa availability;
- Commissions on deposits and withdrawals;
- Transaction processing time;
- The currencies accepted by the brokers;
- The general trustworthiness of brokers.
What are the best M-Pesa forex brokers?
Below our curated list of the best forex brokers that accept M-Pesa as payment method, in particular for African forex traders.
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