Rinchi
TechInAfrica – Many telecoms operators in Kenya have been implemented mobile money interoperability. In fact, it is not only implemented by Kenya’s telecoms operator but also by two largest mobile operators in Africa, MTN Group and Orange Group.
Both groups have just launched Dubbed Mowali, a mobile wallet interoperability that operates interoperable payment on the continent. As the customers of both Groups have hit 100 million in Sub-Saharan African nations, the launch of Dubbed Mowali is expected to allow interoperability among digital service providers over the current markets. Moreover, it is also expected to support approximately 338 mobile money users on the continent.
It is not hard to function Dubbed Mowali as it is similar to any other finance tool. It allows both merchants and consumers to use it, moreover, enabling banks and other mobile money providers to use transactions, including money transfer, bill payments, and so on. Consumers will be charged a small amount of money for the usage of Dubbed Mowali.
When a consumer uses it, either send or receive money from MTN Mobile Money and Orange Money, the money will be in a form of a deposit in the recipient’s wallet. Additionally, consumers are also able to make payment transaction aside from MTN or Orange mobile money.
The Chairman & CEO of Orange Group, Stéphane Richard, the usage of Dubbed Mowali on the continent is vast and universal, in terms of payments. It has a big potential for a future innovation in the digital finance sphere.
“By providing full interoperability between platforms, Mowali will provide an important step forward that will allow mobile money to become a universal means of payment in Africa. Increasing financial inclusion through the use of digital technology is an essential element in furthering the economic development of Africa, particularly for more isolated communities. This solution embodies Orange’s ambition to be a leading player in the digital transformation of the continent. By joining forces with another of Africa’s market leaders, MTN, we aim to accelerate the pace of this transformation in a way that will change the lives of our customers by providing them with simpler, safer and more advantageous services,” says Richard.
Meanwhile, the Group President and CEO of MTN, Rob Shuter, says: “One of MTN’s goals is to accelerate the penetration of mobile financial services in Africa, Mowali is one such vehicle that will help us achieve that objective. Furthermore, co-operation and partnerships that help us accelerate the pace of development and overcome some of the scale, scope, and complexity of challenges that society faces are key. This partnership with Orange is, therefore, an important step in helping us play a meaningful role in supporting the United Nations’ Sustainable Development Goals related to eliminating extreme poverty and enhancing socio-economic development in the markets we operate in and beyond. Thus giving our customers access to a bright, digital future.”
