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Wireless

Zain, MTN eye South Sudan for mobile money

Friday 20 July 2012 | 14:36 CET | News
Mobile operators MTN and Zain have targeted South Sudan as the next untapped market for mobile money, with both groups planning to launch services that will turn mobile phones into virtual bank accounts, Reuters reported. Zain and MTN, which compete with Vivacell, Gemtel and Sudani in South Sudan, say that mobile money will make payments easier and more transparent, provide rural communities with access to financial services and could transform the economy, as Safaricom's M-Pesa service has in Kenya. The two companies said that they intend to take on partner banks in their ventures but did

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Categories: Mobile & Wireless
Companies: Gemtel / MTN / Safaricom / VivaCell / Zain
Countries: South Sudan
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