Vodacom said its plans to provide an
international money transfer through M-Pesa face various challenges,
including lack of adequate supporting infrastructure such as overseas
banks and mobile phone partners.
Vodacom’s Chief Officer for M-Commerce
Jacques Voogt said talks were underway with the Bank of Tanzania (BoT)
to establish a way forward plus guidelines and platforms to carry out
international mobile phone money transfers.
“We have to begin to walk
before running.Then we are currently under discussions
with the regulator to see how to implement the issue,” Mr Voogt said in
Dar es Salaam.
He also said the BoT and Voda talks centre on
cross-border money transfers before embarking on the international
route.
The challenges, according to him, were
to make the cross-border systems between mobile phone and banks to talk.
This needs to identify a partner bank and phone company at either side
of the borders.
Voda’s Head of Brand & Communication Mr Kevin Twissa
said another challenge was that the idea of mobile phone banking
basically originated from East Africa thus making it difficult to find a
partner overseas.
“Actually, we (Vodacom), have to create
the platform since it is a new concept in most of the developing world. And this is a real challenge,” Mr Twissa said. Mobile phone money
transfer is a brain child of Safaricom Kenya, a Vodacom partner and it
spread to other developing countries.
“It could be easier as we had a
reference somewhere to act as our guide but we don’t have such thing, we
have to create each and everything,” Mr Twissa said.
By last November
Voda’s M-Pesa customers reached over 4.4 million users across the
country, or some 48 per cent of its total customer base in slightly over
four years ago while M-Pesa agents are totalling 40,000.
Mobile phone money services are seen as a
key ingredient to develop economic growth in the country and the
Vodacom report is a positive sign that users are employing their mobile
phone devices for that purpose.
Source: The Daily News, www.dailynews.co.tz, reported by Abduel Elinaza in Dar es Salaam
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