Eight M-Pes agents have moved to court seeking orders to reverse the termination of their contracts by Safaricom.
Walts Ventures, Connect Hub Enterprises, Maxmillian Agency, Midax Petroleum, Lemiz Inter Traders, Kaiwan Enterprises, Real Technologies and Da Carlsam Limited claim that their contracts with Safaricom have all been terminated unfairly.
They claim that the termination will see agents that they hired continue to do business with Safaricom, despite their investment in the M-Pesa business that was done using loans from various banks.
Safaricom has responded by saying that the eight agents sold their businesses to third parties in violation of the M-Pesa agreement.
They collectively operate more than 100 M-Pesa tills.
