Essar Telecom Kenya which operates under the brand yu, has tied up with Obopay for a mobile money transfer service. Called 'yuCash by Obopay', the service has Equity Bank as its banking partner. Jayant Khosla, CEO-Africa for Essar Group said that they intend to ensure that the same platform will be utilized across Africa. The companies are currently focusing on building a countrywide network of agents, which will allow subscribers to transact from anywhere in Kenya. yu is the fourth GSM operator to be launched in Kenya. Essar Telecom Kenya, which is a joint venture between Essar, which has a 80 percent stake in the company, and Econet Wireless International. In August it announced a successful national network coverage rollout in Kenya in less than a year of operation, and has set a target of 2 million subscribers by March next year. Essar also owns 51 percent of Dhabi Group's Uganda and Congo Brazaville telecom networks which it bought for $150 million in November. In India Essar owns a 33 percent stake in Vodafone Essar India and indirectly holds a 9.9 percent stake in Loop Telecom (earlier BPL). Related: --Updated: Essar Buys Warid Telecom Uganda & Congo; Race For Coverage --News Digest: 3G, Quippo, Essar, Per Second, BSNL, MTS, Sports Illustrated & More --African Adventure: After Kenya, Essar Telecom Goes To Uganda --RBI Authorises Banks To Convert ECommerce And MCommerce Accounts Within 3 Months
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
News
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
Advert
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
News
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...
News
Rajesh Kumar* doesn’t have many enemies in life. But, Uber, for which he drives a cab everyday, is starting to look like one, he...