Monday
December 3
2018

South Sudan okays plan to expand mobile money services

South Sudan on Friday granted license to a local private company to commence mobile money and electronic cash transfer in a bid to widen financial inclusion targeting millions of impoverished people without access to financial services.

Ladu Wani Kenyi, director general of National Communication Authority (NCA), the telecom regulator, said they have granted operating licenses to Trinity Technologies and another unnamed company to start transacting mobile money and electronic cash transfers in the country and across the region.

“In the last month, NCA has engaged with Trinity Technologies for granting of a license for the platform that will provide electronic and mobile money services in South Sudan. This process has come to end and NCA has granted Trinity Technologies this license,” Kenyi told reporters in Juba.

Photo courtesy of Erik (HASH) Hersman.

Source: CGTN Africa (link opens in a new window)

Categories
Finance
Tags
digital finance, financial inclusion, fintech, mobile money, telecommunications