Vodacom, Tigo claim ‘Africa’s first mobile money interoperability deal’

Tanzanian cellcos Vodacom and Tigo have signed a mobile money interoperability agreement to enable their respective M-Pesa and Tigo Pesa subscribers to transfer money directly into each other’s mobile wallets, in what they claim represents the first deal of its kind in Africa.

Vodacom described the move as: ‘another tangible step towards the enhancement of financial inclusion [and] the expansion of the mobile money eco-system in Tanzania.’ Meanwhile, Rene Meza, managing director at Vodacom Tanzania added: ‘We expect to launch the service by the end of the year and are currently working on upgrading our M-Pesa platform which will see us invest in excess of TZS150 billion (USD80.8 million) to cater for the expected growth of users.’


About Indo Africa Times

Indo Africa Times, a weekly newspaper has its key intend to create extensive awareness amongst people about Africa and India concerning different sectors like economy, politics, culture, fashion, sports and many more. It is our sincere endeavor to bridge the information gap between Africa and India by endowing our readers with updated and latest developments occurring in both the countries.

Posted on March 9, 2015, in Business and tagged , . Bookmark the permalink. Leave a comment.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: