9 telecoms announce interoperable mobile money

Wednesday, April 30, 2014

Mobile money services have gained momentum with 9 telecoms — Airtel, Etisalat, Millicom, MTN, Ooredoo, Orange, STC, Vodafone, Zain – decided to accelerate the implementation of interoperable services across Africa and the Middle East.

GSMA said these operators account for 582 million mobile connections across 48 countries in Africa and the Middle East.

Anne Bouverot, director general, GSMA, said: “Mobile network operators are engaging with each other, with banks, financial institutions, regulators, governments and ecosystem partners, to identify and implement solutions that will successfully allow more mobile financial services to be delivered to a broader range of people across both regions, while maintaining high service quality.”

Source: Telecom Lead (link opens in a new window)

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banking, financial inclusion, mobile finance, mobile money