https://www.engineeringnews.co.za

MTN, Vodafone enter mobile money interconnect agreement

MTN, Vodafone enter mobile money interconnect agreement

Photo by Bloomberg

21st April 2015

By: Natasha Odendaal

Creamer Media Senior Deputy Editor

  

Font size: - +

Telecommunication giants MTN and Vodafone have collaborated to deliver seamless transactions between their respective Mobile Money and M-Pesa mobile money services in East Africa.

A memorandum of understanding between the parties would see customers of MTN’s Mobile Money and Vodafone’s M-Pesa access convenient and affordable international remittances across their operations.

The deal enveloped M-Pesa customers in Kenya, Tanzania, the Democratic Republic of Congo and Mozambique, and MTN Mobile Money customers in Uganda, Rwanda and Zambia.

“Our agreement with MTN to connect our mobile money wallets in East Africa is a fantastic example of cooperation and interoperability between competing mobile operators,” Vodafone mobile money director Michael Joseph said.

MTN Group head of mobile financial services Serigne Dioum added that the duo aimed to build a scalable model that would accelerate remittance roll-outs across Africa.

The parties would also share best practice and collaborate to “define the rules and standards” of mobile-based remittances in Africa.

Edited by Chanel de Bruyn
Creamer Media Online Managing Editor

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Showroom

ALBIS FLANGES (Pty) Ltd
ALBIS FLANGES (Pty) Ltd

ALBIS FLANGES — founded in 1965 — is a petro-chemical approved manufacturer of flanges and fittings in most grades of steel, listed with Sasol,...

VISIT SHOWROOM 
Sulzer Pumps (SA) (Pty) Ltd
Sulzer Pumps (SA) (Pty) Ltd

Sulzer South Africa, established in 1922, partners with critical industries like power, oil & gas, water, mining, and chemicals to boost...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.073 1.3s - 149pq - 2rq
Subscribe Now