Safaricom faces battle for M-Pesa customer billions - News Summed Up

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Safaricom faces battle for M-Pesa customer billions


[Jonah Onyango, Standard]Safaricom’s stranglehold on the mobile money market could be tested with the launch of a service that allows users to send money across networks. This is after Safaricom and Airtel agreed to pilot a mobile wallet that will enable Kenyans to send or receive money across networks at no extra charge. One of the recommendations of the report was for operators to set up an interoperable mobile money system to remove costs associated with cross-platform transfers. At the same time, Telkom Kenya’s re-brand that saw the company shut down its mobile money service further compounded the delay. In Tanzania, operators Vodacom, Airtel, Tigo and Zantel linked their mobile money platforms to one commercial network in early 2014.


Source: Standard Digital January 19, 2018 21:00 UTC



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