Tanzanian
cellcos Vodacom and Tigo have signed a mobile money interoperability
agreement to enable their respective M-Pesa and Tigo Pesa subscribers to
transfer money directly into each other's mobile wallets, in what they
claim represents the first deal of its kind in Africa.
Vodacom
described the move as: ‘another tangible step towards the enhancement
of financial inclusion [and] the expansion of the mobile money
eco-system in Tanzania.' Meanwhile, Rene Meza, managing director at
Vodacom Tanzania added: ‘We expect to launch the service by the end of
the year and are currently working on upgrading our M-Pesa platform
which will see us invest in excess of TZS150 billion (USD80.8 million)
to cater for the expected growth of users.'
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