Telkom Kenya is reportedly planning on introducing a credit product called T-Kash Loan. This product will also be the first of its kind for Telkom while Safaricom offers this product in three ways through the M-PESA mobile money service, which includes Fuliza, KCB M-Pesa, and M-Shwari. According to Techweez, both T-Kash and Airtel Money have been struggling to grow in the Kenyan market. There are reportedly also plans to allow agent interoperability, which will see customers using any mobile money wallet to withdraw or deposit funds at any mobile money agent. Safaricom’s M-PESA leads with more than 260K mobile money agents, Airtel Money comes second with 22.8K agents, and T-Kash has 8.3K agents.

Source: The North Africa Journal June 22, 2022 07:53 UTC