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The Standard Group Plc is a
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NAIROBI: Safaricom executives have struck a deal with the Vodafone, the telecom’s UK parent company, to slash the multi-billion-shilling licence fees the M-Pesa money transfer platform attracts.
One of Vodafone’s subsidiaries owns the intellectual property rights on M-Pesa, and earns between 10 and 11 per cent of the revenues generated by the platform in a deal entered into in 2007, which capped the fee at 25 per cent.
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