09 Apr Kenya: The interoperability of Mobile Money services will be officially launched on April 10, 2018
As of tomorrow, April 10, 2018, mobile operators Safaricom, Airtel and Telkom will take charge of mobile money transfers, sent from a competing Mobile Money service. This means that a Safaricom M-Pesa subscriber can receive a mobile money transfer from the Airtel Money or T-Kash service directly to their account. The service that was previously not available at all, will now be thanks to the entry into force of the interoperability of Mobile Money platforms.
Before, an M-Pesa customer who received a transfer of money sent from the Airtel Money service, had SMS notification by the Airtel network, of the availability of funds. However, the M-Pesa customer could not access the money directly from his mobile. He had to go to an agent Airtel Money to withdraw the amount sent with a secret code provided by the sender, then deposit the amount of money in his M-Pesa account to then make purchases from his mobile.
For the Kenya Communications Authority (CAK), the launch of interoperability in the Mobile Money segment is a victory. It will allow greater financial inclusion of populations while contributing to the development of healthy competition between telecom companies. Airtel Kenya has long decried the super-dominant nature of Safaricom in this segment, finally won.
Source: Agence Ecofin