Major Telecoms Attain Financial Interoperability

Friday, February 19, 2016

Vodacom, the leading telecom in Tanzania is finally joining three others – Airtel, Tigo and Zantel – for subscribers to transfer money across multiple networks enabling the country achieve full interoperability.

The Bank of Tanzania (BoT) Governor, Prof. Benno Ndulu said in Dar es Salaam yesterday that Vodacom Tanzania was joining others in the networks interoperability agreemement.

He said the move was vital in expansion of financial services and promotion of financial inclusion. “I have just been informed that Vodacom has joined…this makes Tanzania the first country in the world to achieve full interoperability among its mobile network operators,” he said in his opening remarks at a workshop on financial inclusion jointly organised by BoT and the World Bank.

Tigo, Airtel and Zantel reached interoperability agreement in 2014 to allow their customers transfer money into each others electronic wallets.

Source: allAfrica (link opens in a new window)

fintech, telecommunications