Wednesday
February 14
2018

Tanzanian Government Ponders Harmonization of Mobile Money Transactions

The government now wants all telecommunication companies to register their mobile money transactions with the National Switch as it seeks to rollout interoperability across all operators.

This comes amid reports that some of the telecommunication companies have been reluctant to connect TTCL Pesa and HaloPesa onto an interoperability platform through bilateral arrangement.

In a move that promotes financial inclusion, Vodacom, Tigo, Airtel and Zantel reached an interoperability agreement in September 2014 to allow their customers to interact with each other.

Through the interoperability agreement, customers can make payments from the mobile money account of one provider to the mobile money account of another provider.

Photo courtesy of Scott Mainwaring.

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

Categories
Inclusive Fintech
Tags
digital payments, East Africa, fintech, mobile money, Tanzania, telecommunications