Airtel plots money transfer service in Kenya, Tanzania

3 Feb 2012

Indian telco Bharti Airtel has confirmed that plans are underway to initiate mobile money transfer services for its Airtel units in Kenya and Tanzania, to complement its recently launched cash transfer platform in Uganda. Michael Okwiri, vice president for corporate communication at Airtel Africa, told Business Daily Africa that the firm is in the process of creating a seamless cross-border money transfer service between Kenya, Uganda and Tanzania, disclosing: ‘We have applied to the relevant authorities in Kenya, Uganda and Tanzania and are awaiting regulatory approvals’.

As reported by TeleGeography’s CommsUpdate, earlier this week fellow Indian-owned cellco Essar Telecom Kenya – which operates under the ‘yu’ brand name – called on market leader Safaricom to open up its mobile money transfer service M-PESA to other networks. yu manager Madhur Taneja said that the cellco would be willing to pay royalties to Safaricom, the country’s number one operator by subscribers, for the shared use of M-PESA, and blamed the underwhelming impact of mobile number portability (MNP) on the fact that Safaricom customers are unwilling to risk losing their access to the mobile banking solution, regardless of their network preferences.

Kenya, Tanzania, Airtel Kenya, Airtel Tanzania, Airtel Uganda