Tigo Tanzania unveils cross-network money service – Mobile World Live

Tigo Tanzania unveils cross-network money service

06 JUL 2016

Tigo Tanzania announced a move to allow its users to receive money from customers that use other major telecoms networks in the country.

In a press conference held in Dar es Salaam, the company launched the new campaign, dubbed NITIGOPESA, which will see customers on all major networks in the country be able to transact mobile financial services with Tigo Pesa customers.

The company’s head of financial services Ruan Swanepoel said Tigo is committed to creating a cashless society, with customers able to enjoy flexible payment options, as rationale behind the new initiative.

“This consumer centred innovation speaks to financial inclusion as it helps draw more cash into the formal financial system and help improve customers’ live by simplifying transactions,” he said.

Tigo said it has invested more than $15 million in the last two years on upgrading its financial services platform, enabling customers across all networks to get “real time, seamless responses” from Tigo Pesa.

“From now, other financial mobile money networks such as M-Pesa, Airtel Money and EasyPesa will be able to transact to Tigo Pesa through buying and paying from our widest network of Tigo Pesa merchants that are spread across the country.”

Tigo’s launch comes after the government imposed a 10 per cent tax duty on all mobile money transfers, in its 2016/2017 budget, which has reportedly raised tensions with the country’s operators.

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Kavit Majithia

Kavit joined Mobile World Live in May 2015 as Content Editor. He started his journalism career at the Press Association before joining Euromoney’s graduate scheme in April 2010. Read More >>

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