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Kenya licenses three operators to heighten mobile competition

Michael Malakata | April 21, 2014
Kenya has granted licenses to three mobile operators, a move forecast to broaden the availability of mobile financial services in the country.

Meanwhile, Africa's big operators MTN and Airtel have teamed up to provide cross-border remittance that seeks to remove the hassles of transferring money between Ivory Coast and Burkina Faso for the operators' mobile financial services customers on both sides of the border.

The partnership will enable mobile money service customers of MTN Ivory Coast and Airtel in Burkina Faso to more easily transfer money between the two countries.

Until now, moving money between the two countries was hampered by high fees, broad usage of informal channels such as cash transfers and lack of clarity about where money is collected or withdrawn.

 

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