Tag: m-pesaMobile

Safaricom Vs Equity Bank: May the best telco win, says Uhuru Kenyatta at the 6th East African Business Summit in Kigali

Business, Mobile
President Uhuru Kenyatta on Thursday said he declined to be drawn into the battle between Safaricom and Equity Bank over use of thin SIM card, instead urged those lobbying him to allow competition to drive the market. Reports Nation Media Addressing business leaders during the 6th East African Business Summit in Kigali, Mr Kenyatta said there is a greater need to allow rivalry in order to deepen mobile money transfer saying this will increase benefits to users. Cheaper and better products “Some people came to me to say that licensing this or that will have consequences but I told them the competition between the firms including that of my friend Bob Collymore (Safaricom chief executive officer) is good for the market. Let them (Equity and Safaricom) fight out. All we want is

Vodacom Tanzania signs deal for M-Pesa partnership

Mobile
With East Africa continuing to push into the mobile money sector, Vodacom Tanzania announced it has inked a new agreement with the Tanzania Revenue Authority for an M-Pesa partnership. The announcement has been well received and is likely to spur further growth in the mobile money sector in the East African country. The new deal will allow vehicle owners to pay for licenses through the mobile money scheme, allowing business to move more smoothly and with ease, the company said. TRA Director of Tax Payers Services and Education, Richard Kayombo, said that M-Pesa “will go a long way in easing the purchase of vehicle road licenses.” Approximately $1.2-million in road license payments were transacted already in the first two weeks of the service. The furthering of mobile money schemes in E