Airtel presses for share of Safaricom's M-PESA mobile money platform

Airtel Kenya’s CEO Adil El Youssefi said despite Airtel being among the major service providers in the country, it was on the verge of being run down by Safaricom’s monopoly/capitalfm.co.ke

Airtel Kenya is proposing to have Safaricom’s money transfer system M-PESA made accessible to other service providers so as to equalise the market.

The company’s Chief Executive Officer Adil El Youssefi said despite Airtel being among the major service providers in the country, it was on the verge of being run down by Safaricom’s monopoly.

“Almost all the mobile money transactions are done on M-PESA and for one to access it they must have the Safaricom line, this is unfair for those subscribed to other networks. This playing field must be levelled,” said Youssefi.

He said if M-PESA was the national platform in which money transfer was conducted, then it should be independent so that any user irrespective of the mobile network can then access it.

“The mobile money platform of the dominant player is like the second currency of the country, if you want to send money or transact money for a business you have no choice despite Airtel Money providing the same for free,” noted Youssefi.

Read more: Airtel presses for share of Safaricom’s M-PESA platform | Capital Business

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