Safaricom's M-Pesa agent. Partnership between telcos in East Africa are set to improve mobile money transfer services across countries and challenge traditional remittance agents such as banks, MoneyGram and Western Union. PHOTO | FILE
Partnership between telcos in East Africa are set to improve mobile money transfer services across countries and challenge traditional remittance agents such as banks, MoneyGram and Western Union.
The telcos are looking to get a larger share of the $48 billion the World Bank estimates Africans sent as remittances in 2014. The partnerships will also support efforts to deepen financial inclusion and boost regional integration.
