Kenya: Airtel Backs Draft Mobile Money Rules

Comments. "It's not surprising that Airtel is pushing CBK to adopt the cooperation between wallets in Kenya. The monopoly of m-pesa is subject of matter for a long time for CBK. Will this change in the near futur?"

Extract "AIRTEL has supported proposed regulations by the Central Bank of Kenya that seeks to open up mobile payment services for use by all providers.

CBK last week published the National Payment System Draft Regulations that among others recommend that e-money issuers shall utilise open systems capable of being accessed and operated by other payment systems in the country and internationally. The same shall apply to electronic retail transfers."

Link to the full story