Mobile operator Telekom introduces the Mobile Money app


The South African mobile operator Telecom says his Kenyan operation has launched an app for its T-Kash mobile money product.

The company announced in a press release on Tuesday (Jan. 4) that its app will be available in the Google, Huawei and Apple app stores, giving customers broader access to its digital financial services.

“The launch of the T-Kash app is the culmination of extensive research into evolving customer trends based on the need for simplicity, security, availability and a diversified range of services,” said Julius Cheptiony, Telekom’s chief strategy and business development officer.

“The result is an easy-to-navigate platform designed to simplify a customer’s mobile financial experience,” he said.

The company says the app will allow customers to send money to a mobile wallet within the Telecom network, as well as MPESA wallets, and eventually Airtel Money wallets. The app also enables users to make transfers to a bank account, buy airtime and data packages for their Telekom connection, pay bills and make bank withdrawals and deposits via T-Kasha agents.

“Based on the research we gathered during the development of this app and the feedback we will continue to receive from our customers, we will be introducing additional service options in the coming months,” added Cheptony.

Read more: 3 Telecom-Driven Apps To Watch For In Emerging Markets In 2022

As PYMNTS reported earlier this week, mobile network operators in Africa have been at the forefront of a movement of telecom-powered super-apps, leveraging key strategic assets such as pre-existing subscriber bases, dealer relationships and customer insights derived from the massive amounts of data they collect.

One of them is another Kenyan offering, the M-Pesa super app, which was launched in June 2021 and records around 30 million transactions every day in Kenya.

The app includes offline functions with which customers can pay with M-Pesa even without a data bundle or without an internet connection. It has also integrated PayPal into its platform, which allows customers to access funds from M-Pesa through PayPal.



About:More than half of US consumers believe that biometric authentication methods are faster, more convenient, and more trustworthy than passwords or PINs – so why are they using less than 10%? PYMNTS, in collaboration with Mitek, surveyed more than 2,200 consumers to better define this perception and usage gap and to find out how companies can increase usage.


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