(Ecofin Agency) - Mobile operator Tigo Tanzania has expanded its Mobile Money service across East Africa. Tigo Pesa subscribers can now send or receive money to or from M-Pesa in Kenya, MTN MoMo in Uganda or Airtel Money in Rwanda via mobile phone, enabling families to transfer money to relatives, and small businesses to continue their operations.

According to Angelica Pesha, the director of mobile financial services at Tigo Tanzania, the partnership signed by the company with the main telecom operators in the sub-region demonstrates its commitment to always offer people more efficient telecom services adapted to their needs. At the launch of cross-border mobile payment on April 21, 2020, she said this new venture should consolidate the brand image of Tigo Tanzania as an innovative operator.

Stephen Mutana, the director of mobile financial services at MTN Uganda, said the collaboration with Tigo Pesa is welcome as it is in line with the ambitions of the telecom company to be at the forefront of providing value-added services to the people. The company, which already provides microcredit, savings and insurance services via mobile phones, sees this new venture as a way to increase its revenues.