Tanzanian Mobile Networks Agree to Mobile Money Interoperability
Published on: 4th Jun 2014
Note -- this news article is more than a year old.
Three of Tanzania's four mobile networks, Tigo, Airtel and Zantel have announced Africa's first agreement to allow their customers in the country to send money to each other whether using Tigo Pesa, Airtel Money or EzyPesa on their mobile handsets.
The service is expected to begin this month.
This is the first agreement in Africa to adopt interoperable mobile money services, whereby one network allows another network's customers to send money to its own clients.
With this agreement, the potential number of customers able to send money by mobile to each other in Tanzania, regardless of network, will increase to over sixteen million.
Airtel, Zantel and Tigo welcomed today the recent statement by Vodafone supporting the principle of such interoperability and expect to conclude a similar agreement with Vodacom in Tanzania.
Tigo has over 6.2 million customers in Tanzania overall and 3.4m users of its Tigo Pesa mobile money service.
In February 2014, Millicom launched the world's first cross-border mobile money service with currency conversion between Tanzania and Rwanda.