By GITONGA MARETEMore by this AuthorThe Higher Education Loans Board (Helb) is seeking to partner with telcos like Safaricom #ticker:SCOM , Airtel and Telkom Kenya to enable mobile payments amid concerns over high default rate. The agency, whose mandate is to source for funds and provide loans, scholarships and bursaries to Kenyans studying in institutions of higher learning, yesterday invited telcos to bid for the provision of a mobile payments platform. “The board invites interested telcos to submit their Expression of Interest for the provision of the mobile smart payment solution,” reads part of the notice. The Helb joins other State agencies, which have tapped mobile digital platforms to enable users to remit their contributions. The Helb recently said it is pursuing some 78,328 loan defaulters holding Sh7.7 billion as of December 31.

Source: Daily Nation January 15, 2020 11:03 UTC