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To facilitate payments to small businesses and retailers,Tecno Mobile the subsidiary of Transsion Holdings, the Shenzhen, a chinese phone maker has announced that it will launch a new mobile wallet service in Kenya.
To facilitate payments to small businesses and retailers,Tecno Mobile the subsidiary of Transsion Holdings, the Shenzhen, a chinese phone maker has announced that it will launch a new mobile wallet service in Kenya.The company announced that the wallet, which will turn its phones into payment terminals, will be launched this month. The company as per reports have entered into strategic partnerships with third-party financial institutions. M pesa by Safaricom is the most dominant player in the market. Apple, Samsung, and Xiaomi have also joined the race for a share in the fast growing Kenyan market, Chinese companies are also aggressively entering it.
The company in its statement said that Tecno will be available for download on selected existing device series and will come pre-installed on new Tecno smartphones. Its new series  CAMON 19 is scheduled to be unveiled in June 2022, The pilot launch has already taken place in Nigeria in May.The company plans to soon launch its wallet service in Ghana, Tanzania, Uganda, Code d’Ivoire and Senegal in the second half of 2022.
