Tigo Pesa Mobile Money is Now Interoperable with Vodacom's M-Pesa

1 March 2016
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Tigo Pesa Mobile Money is Now Interoperable with Vodacom's M-Pesa Image Credit: Tigo

Tigo Tanzania announced recently that customers of its Tigo Pesa mobile money service will now be able to move funds between any of the country’s mobile money operators, as Vodacom’s M-Pesa joins an interoperable network already set up by Tigo, Zantel and Airtel. Tigo becomes the only operator in Tanzania to offer interoperability with Airtel, Vodacom and Zantel, creating Africa’s first universal interoperable mobile money network.

Vodacom’s participation means that more than 16 million mobile money users in Tanzania will be able to conduct transactions with one-another regardless of which mobile operator they use.

In June 2014, Tigo, Airtel and Zantel announced a pioneering interoperability agreement. Since then, their customers have enjoyed interoperability between their mobile money accounts which has accounted for an increase of 3.5 times the value of total offline transactions. 

Tigo Tanzania Head of Mobile Financial Services, Ruan Swanepoel
We believe interoperability is crucial to the success of mobile money and the wider goal of increasing financial inclusion. It is also a fundamental building block towards constructing a digital economy, enabling merchants and other start-ups to participate in the financial services ecosystem.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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