Thursday
December 13
2018

Kenyan Government Plans Interoperable Mobile Money Wallet Amid M-Pesa Crisis

The Government plans to launch a common mobile money wallet next year that will make it possible for full interoperability between service providers.

The new system, which will also allow seamless transactions between users, will be owned and managed by the Communications Authority of Kenya (CA) and could render obsolete a similar initiative launched by Safaricom, Airtel Kenya and Telkom Kenya earlier this year.

This comes on the back of the latest network outage on the M-Pesa platform that saw subscribers stranded at the weekend, leading to a crisis meeting yesterday between Safaricom, CA and the Central Bank of Kenya.

Photo courtesy of Scott Mainwaring.

Source: The Standard Digital (link opens in a new window)

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