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
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6 Comments until now.
Find me a person who uses Obopay, anywhere – seriously.
I think the product is just hyper inflated for its usage. Likewise numbers, if any. I wonder what these companies who have invested saw ( or shown ) before they did invest.
Obopay comes at the right time for the African market where m-commerce is picking faster than e-commerce. In Kenya, we've 2 providers for m-commerce who provide similar services like Obopay but they it M-Pesa and Zap. You pay all your bills and do reservations with both M-Pesa & Zap. There exists seamless integration with your bank account and your mobile. Kenya is 68% m-commerce compared to 8% population on both credit & debit cards.
The Latest mobile development- send money from your mobile to others in India!
Hi guys,
Did you hear about this new thing from PayMate? Any mobile phone user can now send or receive money by using their mobile phone! It’s called Green Money transfer and it provides a branchless banking service to send and receive money easily in India. Great news if you are in a remote access area.
Check this out for more info: http://www.paymate.co.in/green/index.aspx
Lot many women candidates have been seleted, but unfortunately Obopay does not recruit women in some of their departments. This is pretty unfair in Bangalore.Probably not the company to work for !!!!!
All big time crap..
I've registered as an agent and i'm quite anxious to start operation considering the so frequent delays with the Mpese which will give us a good footing.