Mobile Money and Telcos | |
Mobile Money and Telcos | |
1607 VIEWS | |
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Tuesday, September 03, 2019 / 09.00AM/ by News/
Header Image Credit: Wikipedia
In a statement to the press, the interim CEO, Safaricom, Michael Joseph, has hinted to the possibility of M-PESA expanding into Nigeria with a possible partnership with existing telecom operators in the country.
MTN is targeting 3m
Nigerians in the rural areas that are unbanked in its quest to deepen financial
inclusion, through its mobile technology provisions.
Safaricom a major player
in the East African Telco market and mobile money operator, will be considering
its prospects in the West African zone with Nigeria as the key driver.
There are indications
that Safaricom and its M-Pesa mobile money platform could either partner with a
telco firm or even apply for a PSB license.
If it applies for the PSB
it could mark interesting competition for the mobile money market in the
country.
Safaricom already has a
wealth of experience and expertise in driving mobile money and digital banking
services.
With the fourth
industrial revolution that is driven by digital technology taking shape, there
will be enormous opportunities through mobile money and other segments of
Fintech.
The likely entry of
Safaricom into the Nigerian market will mark a turning point in the Nigerian
telecommunications space.
There are reports that
Safaricom may partner with MTN, to grow mobile-money service in Nigeria.
If this happens it could
emerge one of the most strategic business partnerships in recent times on the
African continent.
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