Finserve Africa, a subsidiary of financial institution Equity Bank, mobile money transfer service provider Tangaza Mobile Pay and Kenya-based Zioncell have been given mobile virtual network operator (MVNO) licenses by the Communications Commission of Kenya (CCK), the countrys telecom sector regulator.
The licenses allow the three companies to use existing operators networks to provide voice communications, data transmission and a range of mobile financial services, including payments, remittances, banking and e-commerce.
The licensing of the three operators means that Kenya currently has seven mobile service operators, including Safaricom and Airtel, all providing mobile financial services.
Every day we send out a free e-mail with the most important headlines of the last 24 hours.
Subscribe now
We welcome comments that add value to the discussion. We attempt to block comments that use offensive language or appear to be spam, and our editors frequently review the comments to ensure they are appropriate. If you see a comment that you believe is inappropriate to the discussion, you can bring it to our attention by using the report abuse links. As the comments are written and submitted by visitors of the The Paypers website, they in no way represent the opinion of The Paypers.