Money Withdrawals Between Airtel And Safaricom To Start Next Week - DAILY UPDATES

Money Withdrawals Between Airtel And Safaricom To Start Next Week

Money Withdrawals Between Airtel And Safaricom To Start Next Week

Following successful pilot interoperability tests spanning over a period of two months, money transactions between Airtel and M-Pesa mobile money services will kick off next week on Tuesday.
Telkom is set to join the two companies at a later date. They recently launched their own mobile money transfer service called T-Kash. One billion shillings was used in revamping Telkom infrastructure.
Telecom firms have been in negotiations for over a year now to have the interoperability rolled out. This is expected to lead the road in fighting Safaricom's dominance in the market.
M-Pesa as it stands has a market share of more than 80 per cent, followed distantly by Equity Bank's Equitel Money.

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