Yu lauds Govt move to introduce shared mobile money transfer system

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yuCash activation
Customers being served at a yuCash activation

yuCash has welcomed the recent recommendation by a Government taskforce calling on mobile service providers to develop a common system for facilitating mobile money transfers acrossnetworks.

A task force set up by the Prime Minister’s office has  proposed that that mobile firms should work towards  creating a seamless mobile money transfer system regulated by Central Bank of Kenya as a way of increasing the usage of the service.

yuCash activation
Customers being served at a yuCash activation

This means, subscribers of any network will be able to send and receive money via their mobile phonesacross any other network.


Since its inception, market players have continued to seek opportunities to improve this innovative money transfer service but the biggest obstacle has been the inability to transfer money across networks.

 


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Martin is the Managing Editor at Techweez, passionate about personal tech and telling stories of consumer experiences. Talk to me: [email protected]