Telecom

Rwanda: Tigo and Airtel prepare to link Mobile Money service

Wednesday, 07 October 2015 09:33

(Ecofin Agency) - In the next few days, mobile telephone operators Tigo and Airtel will launch the linking of their mobile payment services. The project which will be in a pilot phase will last six months. It should allow users of Tigo Cash and Airtel Money to send money, regardless of the operator they use, from either telecom store. The objective of this collaboration is to enhance financial inclusion of small budgets across the country.

The mobile operator leader in the Rwandan market MTN, is not participating in this project. It is actually engaged in an operation updating its Mobile Money platform, explained Arthur Rutagenwa, director of Mobile Money at MTN Rwanda. For the moment, the company explains that it does not know when this update will be completed. As a result, it can not definitively give an opinion on an entry into the transfer of money interconnection project initiated by its competitors.

One must also say that MTN has everything to gain from continuing to operate its own. In effect, according to statistics from the Regulatory Authority of Services in Rwanda (RURA) for the first quarter of 2015, MTN dominates the mobile money transfer market with 49% market share. Tigo Rwanda has 35% share while Airtel has 16%.

On the same topic
• Nigeria may reintroduce a 5% tax on data and voice services under 2024 Finance Bill• Operators warn it could raise costs and slow digital access across...
Africa’s digital economy is growing rapidly, and the demand for data storage, processing power, and AI capabilities is accelerating. The introduction of...
Senegal’s president met with Axian Group to discuss digital transformation plans. Axian aims to grow telecom and fintech services through its brand YAS...
• PalmPay plans to enter South Africa, Côte d’Ivoire, Uganda, and Tanzania by late 2025• The fintech already handles over 15 million daily transactions in...
Most Read
01

KoBold Metals, the U.S.-based mining company backed by heavyweight investors including Bill Gates an...

KoBold Metals Steps Up to Secure Manono Lithium Deposit in DR Congo
02

This initiative reflects ECOWAS’s commitment to a results-driven, people-centred digital transformat...

ECOWAS, World Bank Launch Regional Workshop to Advance Digital Integration
03

• PalmPay plans to enter South Africa, Côte d’Ivoire, Uganda, and Tanzania by late 2025• The fintech...

Nigeria’s PalmPay to Expand into 4 African Countries by End of 2025
04

The Economic Community of West African States (ECOWAS) parliamentarians met in Lomé from May 6 to 9,...

ECOWAS Parliament Calls for Airfare Tax Cuts to Make Flying Affordable
05

Duval and Côte d’Ivoire’s CNPS signed two real estate agreements worth CFA100 billion The project...

French Group Duval Signs $170mln Deal for Real Estate Projects in Abidjan
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

Benjamin FLAUX
bf@agenceecofin.com 
Téls: +41 22 301 96 11 
Mob: +41 78 699 13 72
Média kit : Download

EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.