Safaricom and MTN in networks deal to boost remittances

Safaricom has partnered with MTN

Customers of two of East Africa’s leading mobile money operators will be able to transfer money to each other across both networks, following a deal agreed between the MTN Group and Vodafone Group.

Under the terms of the deal, the operators said they will also share best practice and “work together to define the rules and standards of mobile-based remittances in Africa”.

MTN said the ‘interconnect’ collaboration, “between the region’s two biggest mobile money operators, will enable convenient and affordable international remittances” between customers of the M-Pesa mobile money network in Kenya, Tanzania, the Democratic Republic of Congo and Mozambique, and MTN Mobile Money customers in Uganda, Rwanda and Zambia. Read more

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