Competition in the mobile money service sector in Kenya has increased with the launch of an international remittance service that mainly targets the South Sudanese population. A product of m-GURUSH, South Sudan’s pioneer mobile money service provider, the service allows people to send and receive money from South Sudan and other parts of the world. South Sudan boasts one of the highest numbers of foreigners in the country largely fueled by years of fighting in East Africa’s youngest country. According to the World Bank, South Sudan received the highest remittance inflows in EAC between 2013 and 2018 after Kenya and Uganda. The telco’s entry into international remittance service comes amidst the Covid-19 pandemic that has highlighted the need for cashless transfer as a safer way of financial transactions.

Source: The Star April 29, 2020 11:15 UTC