Friday, March 7, 2014

Competition heats up for mobile money transactions of Kenya

Traditional mobile money transfer companies in Kenya could be headed for tight competition if other large volume traders are given licences to enter the field. Kenya’s largest telecoms provider Safaricom dominates the mobile money space in Kenya with its M-Pesa service. There are 25.1 million mobile money users in Kenya, according to the Communications Commission in Kenya (CCK).

According to Kyai Mullei, co-founder of mobile fundraising tool M-Changa, the market for mobile money

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