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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