Telkom eyes mobile payments service

Wednesday 16 November 2016 | 15:12 CET | News
South African operator Telkom is planning to launch mobile payment services in South Africa, reports IT-Online. Floris Buys, head of digital at Telkom, strongly hinted during a panel discussion at AfricaCom that the operator is about to enter the burgeoning mobile payments market. Buys believes one of the main reasons that mobile payments have failed to take off in South Africa is the regulatory framework, which is not as conducive as in other African countries. He said Telkom has been engaging on the regulatory framework and hinted that Telkom could be aiming for its own banking licence.

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Categories: Mobile & Wireless
Companies: Telkom
Countries: South Africa
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