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Kenya: Finally Competition For Safaricom Mobile Money Transfers

Essay specific features

 

Issue:

Social Issues

 

Written by:

Allison A

 

Date added:

June 11, 2015

 

Level:

University

 

Grade:

A

 

No of pages / words:

6 / 1541

 

Was viewed:

3418 times

 

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Essay content:

And two years after its launch, M-PESA now finally has competition as Zain launched| |a similar service, Zap. By Andrea Bohnstedt | | | |It was with a two month delay that mobile operator Zain launched its mobile banking platform Zap in Kenya and Tanzania '' Uganda is to | |follow shortly '' after its aborted first attempt in November 2008...
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M-PESA, Safaricom’s hugely popular pioneer money transfer service, had | |just been cleared in a Central Bank of Kenya (CBK) probe intended to address concerns over the system’s safety, consumer protection and | |potential use for money laundering. Zain were expected to fulfil the same standards, and since they aim to add a host of additional | |functions to Zap, they now effectively resorted to a launch in phases to ensure CBK approval as they...
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