Mobile money industry in Africa: Tigo Airtel and Zantel pave their way.

We are at the early stage of the mobile money industry in Africa. This means the opportunities are huge in an environment where the majority of people lack a bank account.

With the proliferation of the mobile networks and the increasing adoption of the smartphones across this continent, mobile operators have the unmatched opportunities to develop a set of affordable mobile money services susceptible to improve the living conditions of those who live within this continent.

As you can observe here, operators like MTN and Ecobank are deeply involved in this market and progressively, their presence is must-attend. Orange is also playing a great role.

Connectikpeople.co soon Retinknow® is deeply seduced by the new commitment between Tigo, Airtel and Zantel to enable mobile money payments between their customers in Tanzania.

This pioneering agreement which highlights “interoperability”, aims to allow customers of Tigo, Airtel and Zantel in Tanzania to send money to each other whether using Tigo Pesa, Airtel Money or EzyPesa on their mobile handsets.  

Such agreements were common for both voice calls and SMS text messaging, henceforth, this is encouraging to observe that, people can send money at more affordable rates and in a simplified way which does not require use of PIN codes when

making withdrawals.