Tech

Telkom Kenya to launch 4G and advanced mobile financial services to take on M-Pesa, M-Shwari

Telkom Kenya is set to launch 4G services across the country and unveil mobile financial services better than what Kenyans have used before as the firm tries to revive itself from the dead after the French-based Orange Group pulled out of the market.

Speaking at the Connected Kenya Summit 2017, Aldo Maurese, CEO Telkom Kenya said,”We are relaunching in the next few months and we shall have 50 percent more new sites across the country. We have a better network than what is in the market and are launching 4G in the next few months. We will also be unveiling mobile financial services to increase financial inclusion in the country. We will initially start with basic financial services then expand to offer more.”

Though the firm hasn’t stated the timelines yet, Maurese said the telco’s mobile financial services will be better than what Kenyans have seen and used before implying that its services promise to be better than the present mobile money transfer services, merchant transactions and savings and loans offered by competitor Safaricom’s M-Pesa and CBA’s M-Shwari which have successfully signed up millions of users across the country.

Recently, Airtel said it will launch 4G services in the country starting with Nairobi while Safaricom launched its 4G services across the city in various parts across the country and is pushing for its uptake. Telkom Kenya has  a little chance of taking on Safaricom which has over 20 million subscribers and a financial muscle to pull this through. Telkom Kenya recently announced it will roll out free Wi-Fi in 1,160 Constituency Incubation Hubs. The multi-million deal to install Wi-Fi in  government-funded Constituency Incubation Hubs in the 290 constituencies across the country might help the firm revive its operations and on-board customers across the country.

Now in its 9th edition, the Connected Kenya Summit was first held in 2009 and it has been on the forefront of innovations and debates in both the Private and Public Sector. This year’s summit aims to help organizations shape the future through education, ICT and innovations.

Telkom Kenya in March upgraded its Mobile Network in Naivasha to 3G in its long term and wider network modernisation and expansion strategy that began late last year. The telco said it was undertaking service upgrades across its network to enable Kenyans to enjoy an improved experience on Mobile and Data service.  By launching 4G and expanding its 3G network, the firm will ensure consumers are able to enjoy better voice quality and faster Internet speeds.

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