Regulator seeks power to license retail mobile cash agents
This is a good move. I however think the best is to do away with paper based transactions.
The current option to input PIN when doing Mpesa deposit should of necessity end the need to also put down your details on a book.
Regards,
Boniface Machuki
—–Original Message—–
From: \”Victor Kapiyo via kictanet\” <[email protected]>
Sent: 7/24/2018 12:05 PM
To: \”[email protected]\” <[email protected]>
Cc: \”Victor Kapiyo\” <[email protected]>
Subject: [kictanet] Regulator seeks power to license retail mobile cash agents
The Communications Authority (CA), is seeking powers to license all mobile money agents as part of new measures targeting market dominance in the telecommunications sector. Francis Wangusi, the CA director general told parliament Monday that the registration seeks to make the agents neutral so that they can serve the telecoms operators. “The agents are going to be licensed to check misuse of information provided by mobile operators,” Mr Wangusi told the National Assembly’s committee on ICT. Leading telecoms operator, Safaricom, has 160,000 agents for its M-Pesa platform, Airtel money has 30,000 while Telkom’s T-Kash has 7,000.
We look forward to review the regulations.
Victor Kapiyo
Partner | Lawmark Partners LLP
Suite No. 8, Centro House, Westlands, Nairobi | Web: www.lawmark.co.ke
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