- . It will enable different IT systems to communicate and exchange data and facilitate seamless transfer of money through merchants attached to different operators.
It was reported that the Communications Authority of Kenya (CA) and the Central Bank of Kenya (CBK) have launched the interoperability for the pay-bill service. The launch which marks the final phase of the seamless transfer of cash will help Airtel and Telkom users to access Safaricom’s pay bill platform. It will enable different IT systems to communicate and exchange data and facilitate the seamless transfer of money through merchants attached to different operators. As a result, Airtel and Telkom Kenya subscribers will be able to pay their bills online through Safaricom’s pay-bill number.
The Government also plans to facilitate depositing and withdrawal of cash by 2024, for mobile phone users from any agent irrespective of the network they are on similar to card payments. Regulators led by the CBK have been advocating a seamless transfer to curb the dominance of Safaricom’s mobile money service and Lipa na M-Pesa. Both were launched in June 2013 and has aggressively promoted themselves by recruiting merchants across the country, including large and small businesses such as fuel stations, supermarkets, corner shops and eateries. Through their aggressive marketing, they overtook the card payments — run by banks and their global payments technology partners such as Visa and Mastercard.
Also read;
https://trendsnafrica.com/mobile-transactions-in-kenya-grows/
https://trendsnafrica.com/safaricoms-bid-to-block-iristel-kenya-limited-thwarted/
https://trendsnafrica.com/safaricoms-bid-to-block-iristel-kenya-limited-thwarted/
