Saturday
April 30
2016

Tanzania’s State-Run Telco Ventures Into Mobile Money

The State-run Tanzania Telecommunications Company Limited (TTCL) is now venturing into mobile money transfer services as it seeks to enter the competitive market that already has four players.

It will utilise an unstructured supplementary service data (USSD) technology to rollout its services soon, officials have said.

The company has contracted a payment technology provider, Novatti Group Ltd, to supply technology equipment worth $850,000 (about Sh1.87 billion) to implement the project.

Novatti Group Ltd will supply the state-owned telecommunications firm with technologies that will include a short messenger centre (SMSC) and USSD services.

Source: allAfrica (link opens in a new window)

Categories
Technology
Tags
digital payments, fintech, mobile money, telecommunications