Africa

Tigo Pesa, now the largest Mobile Financial Service eco-system in Tanzania

Tigo becomes the only operator in Tanzania to offer interoperability with Airtel, Vodacom and Zantel

DAR ES SALAAM, Tanzania, February 18, 2016/ — Tigo Tanzania (www.Tigo.co.tz) announced today that customers of its Tigo Pesa mobile money service will now be able to move funds between any of the country’s mobile money operators, as Vodacom’s M-Pesa joins an interoperable network already set up by Tigo, Zantel and Airtel. Tigo becomes the only operator in Tanzania to offer interoperability with Airtel, Vodacom and Zantel.

Vodacom’s participation means that more than 16 million mobile money users in Tanzania will be able to conduct transactions with one-another regardless of which mobile operator they use.

It also creates Africa’s first universal interoperable mobile money network.

In June 2014, Tigo, Airtel and Zantel announced a pioneering interoperability agreement. Since then, their customers have enjoyed interoperability between their mobile money accounts which has accounted for an increase of 3.5 times the value of total offline transactions. After announcing it would join the interoperable network one year ago, Vodacom has now implemented the deal.

Interoperability in Tanzania today is not exclusive to mobile operators, and also includes more than 25 banks. The country’s 16 million mobile financial users transact the equivalent of more than 50% of Tanzania’s GDP each month. Thanks to this growing network, Tanzania is now the leading place for mobile money in east Africa, overtaking Kenya.

Commenting on today’s announcement, Tigo Tanzania Head of Mobile Financial Services, Ruan Swanepoel, said: “With Tigo Pesa, customers will now benefit from faster, cheaper and safer cashless transactions with anyone across the country.”

Swanepoel continued, “We believe interoperability is crucial to the success of mobile money and the wider goal of increasing financial inclusion. It is also a fundamental building block towards constructing a digital economy, enabling merchants and other start-ups to participate in the financial services ecosystem. Our aim going forward is to reach similar agreements with networks in other markets.”

Distributed by APO (African Press Organization) on behalf of Tigo.

For more please visit: www.millicom.com or contact:

Press Enquiries
John Wanyancha, Corporate Communication Manager, Tigo Tanzania
Tel: +255 658123089 – john.wanyancha@tigo.co.tz

About Tigo Tanzania

Tigo Tanzania (www.Tigo.co.tz) is the leading innovative telecommunication company in the country, distinguished as a fully-fledged digital lifestyle brand. Offering a diverse product portfolio in voice, SMS, high-speed internet and mobile financial services, Tigo has pioneered innovations such as Facebook in Kiswahili, TigoPesa App &iOS users, Tigo Music (Deezer) and East Africa’s first cross-border mobile money transfer with currency conversion.

The Tigo 3G networks guarantees the best services to its subscriber’s in all regions across the country. In 2015 Tigo launched 4G LTE network in Dar es Salaam and selected regions with plans to become available all over the country in 2017. In the past three years the company has launched over 500 network sites bringing its total network sites to over 2,000. It plans to double its investment by 2017 in terms of coverage and additional capacity networks for deeper penetration in rural areas. With over 10 million registered subscribers, Tigo directly and indirectly employs over 300,000 Tanzanians including an extended network of customer service representatives, mobile money merchants, sales agents and distributors. Tigo started its operations in Tanzania in 1994

About Millicom

Millicom International Cellular SA is a leading telecommunications and media company founded in 1990 that is uniquely focused on frontier and emerging markets in Africa and Latin America. It is listed on NASDAQ OMX Stockholm under the symbol MIC, headquartered in Luxembourg, and operates across 14 markets that have fast GDP growth, a high proportion of young people and huge opportunities for the adoption of what we call the digital lifestyle. In 2015, Millicom celebrated 25 years of pace-setting innovation. Millicom is a pioneer on the world stage in its range of customer-centric digital lifestyle services and provides mobile services to more than 63 million customers. In cable, Millicom passes more than seven million homes. More than ten million subscribers actively use Millicom’s portfolio of mobile financial services. The Millicom Group employs more than 15,000 people. In 2014, Millicom generated revenue of USD 6.4 billion and EBITDA of USD 2.1 billion.

SOURCE
Tigo

Anthony-Claret Onwutalobi
Anthony-Claret Onwutalobi
Anthony-Claret is a software Engineer, entrepreneur and the founder of Codewit INC and CEO of Portia Web Solutions. Mr. Claret publishes and manages the content on Codewit Word News website and associated websites. He's a writer, IT Expert, great administrator, technology enthusiast, social media lover and all around digital guy.
https://www.codewit.com

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