NAIROBI (Xinhua) --
Kenya’s mobile phone operator Telkom has joined an initiative to
interlink mobile money services, giving Kenyans more options in
seamless transfer of cash.
Telkom Kenya jointly
announced on Sunday with leading telecoms Safaricom and Airtel
that their mobile money networks are now linked to enable
consumers send money without glitches or higher charges.
and Telkom have announced integration of their mobile money
platforms allowing consumers to transfer cash from Mpesa to T-kash
and vice versa,” said the three in a joint statement.
interoperability was introduced in Kenya in March, with three
Safaricom, Airtel and Telkom, which introduced mobile financial
service T-kash, announcing that they would integrate their
“Starting Oct. 4,
Mpesa and T-kash customers will therefore seamlessly send and
receive money directly and from their mobile wallets. Telkom’s
inclusion is a step towards more integrated mobile money
ecosystem and a boost to financial inclusion agenda in Kenya,”
the operators said.
The convenience of
wallet to wallet transfer sees customers receive money sent from
another service provider directly, and the money is credited
into their accounts immediately.
The customer can
therefore use the money to pay bills, make purchase at a
merchant or make withdrawal from their own accounts.
“The last leg of
mobile money interoperability between Telkom and Airtel will be
launched soon upon completion of necessary processes,” the
mobile firm said.