- November 22, 2018
- Posted by: Myles Freedman
- Category: More Africa News
The Orange and MTN telecom groups want to make mobile Money money transfers in West Africa interoperable. To this end, they have applied to the West African Economic and Monetary Union (UEMOA) Commission for authorization to set up the JVCO joint venture, which will manage this activity. Among the arguments presented to justify their request, the two telecom companies argue that the interoperability platform will boost the financial services industry in the sub-region.
The interoperability of MTN and Orange’s Mobile Money services in West Africa means subscribers from both companies will be able to send money and buy unrestricted services on the other’s platform, regardless of the country. This solution, which is already a reality at the national level in some African countries, notably Rwanda, Madagascar or Tanzania, has led to an increase in the volume of financial transactions. In the West Africa subregion, the impact should be greater.
In accordance with Regulation No. 3/2002 / CM / UEMOA of 23 May 2002 on the procedures applicable to cartels and abuses of dominant position within the WAEMU, the WAEMU Commission asked companies, telecom regulators different markets and West African States to send him their opinion on the Orange and MTN project within thirty days (30).