Thunes and Vodacom Join Forces to Enhance Cross-Border Payments
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 6 days ago
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Should l Buy VOD?
Source: Yahoo Finance
- Cross-Border Payment Innovation: Thunes and Vodacom Tanzania have launched the M-Pesa Global Payment solution, enabling Tanzanian users to pay merchants in Uganda and China directly from their mobile phones, significantly enhancing the convenience and security of cross-border transactions.
- Support for Trade Growth: In 2024, bilateral trade between Tanzania and China reached $8.8 billion, while trade with Uganda grew to approximately $2.23 billion, a 64% increase, further boosting Tanzania's competitiveness in regional and global markets.
- Economic Empowerment: Vodacom Tanzania's M-Pesa Director stated that this solution is more than just a payment feature; it serves as a catalyst for economic empowerment, helping small and medium enterprises thrive in the global market and enhancing users' access to financial tools.
- User-Friendly Experience: Through Thunes' global network, users can securely and conveniently send payments to merchants in Uganda and China via the M-Pesa USSD menu or Super App, eliminating traditional banking barriers and facilitating smooth daily transactions.
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Analyst Views on VOD
About VOD
Vodafone Group Plc is a telecoms company. The Company provides mobile and fixed services to over 355 million customers in 15 countries, partners with mobile networks in over 40 more and has IoT platforms. In Africa, its financial technology businesses serve almost 92 million customers across seven countries. Its products include Unified Communications, Mobile Connectivity, Fixed Connectivity, Digital Applications, IoT Connectivity, Cloud & Edge, E2E Solutions, and Security. Its unified communications solutions include Microsoft Teams Voice, voice services, and recording services. Its digital applications include Gemini for Google Workspace, Google Workspace, Microsoft 365 Business, and Copilot for Microsoft 365. Its Cloud & Edge services include cloud services, mobile private networks, and multi-access edge computing (MEC). It provides solutions for large and multinational business, small and medium business, international public sector, and carriers and digital service providers.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Cross-Border Payment Innovation: Thunes and Vodacom Tanzania have launched the M-Pesa Global Payment solution, enabling Tanzanian users to pay merchants in Uganda and China directly from their mobile phones, significantly enhancing the convenience and security of cross-border transactions.
- Support for Trade Growth: In 2024, bilateral trade between Tanzania and China reached $8.8 billion, while trade with Uganda grew to approximately $2.23 billion, a 64% increase, further boosting Tanzania's competitiveness in regional and global markets.
- Economic Empowerment: Vodacom Tanzania's M-Pesa Director stated that this solution is more than just a payment feature; it serves as a catalyst for economic empowerment, helping small and medium enterprises thrive in the global market and enhancing users' access to financial tools.
- User-Friendly Experience: Through Thunes' global network, users can securely and conveniently send payments to merchants in Uganda and China via the M-Pesa USSD menu or Super App, eliminating traditional banking barriers and facilitating smooth daily transactions.
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