Thursday
February 1
2018

Kenya: Mobile money interoperability to launch in March 2018

Kenyans will now be able to transfer funds across networks, this comes after three of the country’s mobile money platforms Safaricom’s M-Pesa, Telkom money, and Airtel money went into an agreement which aims to bring down the cost of money transactions. The pilot phase of the platform was launched on Monday, 22 January 2018. The interoperability will be rolled out nationally in March 2018.

Interoperability will also present consumers with choices of services and not being locked into one service or mobile network, given how costly it has been to transfer money between mobile money services.

Photo courtesy of Neil Palmer.

Source: ITNewsAfrica.com (link opens in a new window)

Categories
Finance
Tags
digital finance, digital payments, financial services, fintech, mobile finance, mobile money, telecommunications