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Mobile Phone Giant Tecno Wants a Piece of Kenya’s Booming Mobile Money Market

File image of Tecno representative at one of the Transsion unit's stores in Nairobi. Image via Xinhua.

Transsion’s Tecno brand is expanding its new mobile money service to Kenya this week. “The wallet has pilot launched in Nigeria in May, and roll-out to Kenya in middle of June,” the company said in a statement.

A mobile payment option from Tecno will likely pose formidable competition for Safaricom’s M-Pesa, the current market leader, given that the new service will come pre-installed on all new Tecno smartphones. (BUSINESS DAILY)

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