Orange and MTN are planning to make mobile money transactions interoperable in West Africa. In that regard, they requested WAEMU commission’s authorization for an Ivorian joint-venture named JVCO to manage the activity. Among the arguments presented as motivation for their requests, the two telecom companies explain that the inter-operational platform would boost the financial industry in the sub-region.
The inter-operationality means that both operators’ subscribers would be able to conduct mobile money transactions thanks to the other party’s platform wherever they are. This solution which has already been realized in some African countries, Rwanda, Madagascar, and Tanzania notably, largely boosted financial transactions. Implemented regionally, its impact would be more important.
As specified by the law N°3/2002/CM/UEMOA of May 23, 2002, related to the agreement and abusive use of their positions as market leaders within the WAEMU, the commission required operators and regulators of various West African markets to submit their views on this project initiated by Orange and MTN within thirty days.
Muriel Edjo
Telecel Ghana to boost network investment by 150% in 2026 Expansion targets capacity, reliabi...
Togo parliament adopts WAEMU law against currency counterfeiting Bill defines offences including ...
Namibia and Russia agreed to expand cooperation across energy, mining, and agriculture. Both coun...
Cameroon signs MoUs for $1.5 billion waste-to-energy projects Plans target waste treat...
CCR-UEMOA presents mid-term review of private sector competitiveness efforts Reforms, AfCFTA trai...
TEF selects 3,200 entrepreneurs across 54 African countries Beneficiaries receive training, mentoring, and up to $5,000...
Ghana approves new engineering and agriculture university in rural areas Three campuses aim to expand access beyond major cities Project...
Amazone Airlines begins flights between Cotonou and Parakou on March 23 The carrier emerges from a merger aimed at rebuilding national air...
Middle East disruptions cut global jet fuel shipments by about 21% Europe faces supply strain as Asian and Gulf flows decline Dangote refinery emerges...
Kumbi Saleh is regarded as one of the earliest major political and commercial capitals of West Africa. Located in present-day Mauritania, near the border...
Event highlights growing role of diaspora entrepreneurs across multiple sectors Networks support trade, investment and SME...