Kenya, Rwanda leaders welcome mobile money scheme

Kenyan High Commissioner to Rwanda, John Mwangemi (pic-eurotimes)

Kenyan High Commissioner to Rwanda, John Mwangemi (pic-eurotimes)

From MARIA MACHARIA in Nairobi, Kenya

KIGALI, (CAJ News) – BUSINESS and political leaders in Kenya and Rwanda have welcomed the launch of mobile money services between the two countries.

In a positive development on Thursday, MTN Rwanda, the country’s telecommunications leader has announced that it has opened its corridor with Safaricom in Kenya that would see MTN Mobile Money and M-PESA users send and receive money seamlessly and affordably between the neighbouring East African countries.

Speaking about this innovative service, Kenyan High Commissioner to Rwanda, John Mwangemi, said regional remittance was another important milestone towards the regional integration agenda.

“Launching this regional mobile transfer will go a long way in promoting trade within the East Africa region. We are committed to making it easy for our people to trade across our region and this innovative service is yet another step towards making East Africa a truly competitive market,” said Mwangemi.

Richard Kabonero, the Ugandan High Commissioner to Uganda, also expressed his delight at the introduction of cross mobile money systems in the region.

“Regional remittance will greatly reduce the cost of doing business across our borders as well as ease other challenges including sending money to students studying in Uganda. It’s a welcome development which we hope will be implemented across the five East African Community partner states,” said Kabonero.

Denis Karera, Chairman of the East African Business Council, also welcomed the drive of East Africans to make the ease of doing business possible.

“I laud MTN’s partnerships in enabling financial inclusion and providing access to basic mobile financial services across the region. An important enabler of doing business is money, and by providing time and cost efficient ways of transferring money, this eases ways of doing business and also strengthens the One Area Network initiative,” said Karera.

He called upon telecom operators in the region that are not yet involved to come on board to enhance and ease the cost of doing business.

The efficiency of MTN Mobile Money will see customers transfer money easier, faster and more conveniently across borders at a fraction of current costs.

– CAJ News

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Posted by on Oct 15 2015. Filed under Africa & World, Finance, Finance & Banking, Mobile & Telecoms, National, Regional, Technology. You can follow any responses to this entry through the RSS 2.0. You can leave a response or trackback to this entry

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