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Over Half of Tigo Tanzania's Customers Using Mobile Money Services

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Tanzania's Tigo, the local subsidiary of Millicom, says that it has added a million customers to its mobile money service over the past year.

That takes its money user base to 3.4 million is out of the mobile network's total of 6.2 million customer base, so more than half of its subscribers now use the facility.

Diego Gutierrez, Tigo Tanzania's general manager, told Reuters that the company's mobile money transfer service already accounts for a significant share of the company's total revenue.

"Mobile money is a very important part of our business and it is growing at a very accelerated rate," Gutierrez added.

Mobile money services are expected to receive an additional boost after three of the country's mobile networks, Tigo, Bharti Airtel and Etisalat's Zantel recently announced interoperability between their platforms.

Vodacom is also expected to join the interoperability facility shortly.

On the web: Reuters

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Tags: tigo  mobile money  Tanzania