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CBK rule could force Safaricom to share agents

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Business Daily | by Otiato Guguyu


The Central Bank of Kenya (CBK) has launched a fresh review of the national payment system that will force Safaricom to offer rivals access to its vast network of mobile money outlets for seamless transfer of money among the telcos.

The proposals are contained in draft rules that the CBK released Wednesday for public input in a review that could threaten Safaricom’s dominance of the mobile market.

The regulator is pushing for cross-network mobile money transfer service that allows users to…

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