Telkom Kenya has signed an agreement with the Ministry of ICT’s National Youth Council of Kenya to co-create ‘Fursa’, a platform that allows the council to disburse funds to youth conveniently, faster, securely and timely.
This solution will increase the youth’s resilience in the midst of physical and infrastructural barriers that obstruct their access to financial services and products.
Fursa will be customised to contain additional capabilities: a membership management system, financial reconciliation, savings and investments, experience board for job matching and e-learning as well as experiential skill development.
Under the partnership, Telkom will install the Fursa wallet and offer support with respect to its operationalisation, maintenance and updates. It will also provide professional and product support services, including infrastructure, care services, monitoring, performance and availability.
Mugo KIBATI, CEO, Telkom Kenya
This collaboration is the first of many such Digital Financial Services partnerships that the company will be exploring, with the potential to accelerate the economy into cash-lite status. More can be done to advance the financial inclusion of our youth.
