Telkom, Airtel eye revenue jump from Safaricom mobile money

Telkom Kenya CEO, Mugo Kibati with his Airtel Kenya counterpart Prasanta Das Sarma when they appeared before the Senate ICT Committee. [Boniface Okendo, Standard]

Telkom Kenya and Airtel Kenya are eying an increase in revenue after the country’s leading mobile network operators launched merchant interoperability on their mobile money wallets.

The move allows customers from any mobile money network to make payments to any of Safaricom’s Lipa Na M-Pesa Till numbers, but excludes Pay Bill transactions.