It will now be possible for Rwanda subscribers to make cross-border mobile money transactions to Kenya or Tanzania after MTN Rwanda and signed an agreement.
The New Times Rwanda reports that with the deal, customers will make use of the M-Pesa platform for transactions within weeks .
Norman Munyampundu, the head of mobile money at MTN Rwanda said they are testing the service as they work on country-specific contracts to conclude the deal.
“We are still testing the service with Safaricom’s M-Pesa…However, we will launch mobile money transactions between MTN Rwanda and Vodacom in the coming weeks after finalising the paperwork,” he said.
He added that the new deal is part of the firm’s wider plan to facilitate cross-border mobile money transfers in East Africa and simplify the cost of doing business.
Other countries that will enjoy similar services include Tanzania, the DRC, Mozambique and Zambia.
MTN and Bharti Airtel are also in the process of enabling cross-border mobile money transfers between Rwanda, Kenya and Uganda In November.