Mobile Money subscribers in Kenya hit 45.4m

The governor underlined the need of financial inclusion, noting the potential for SMEs who currently lack internet access and working capital.

Network will roll out its processing services in key Airtel Africa markets.

Africa’s e-commerce business is booming immensely.

I&M Bank in Kenya has made the move as the result of customer feedback and a response to the high cost of living.

All service subscription applications, including Airtel Money, were unavailable since late Saturday and throughout much of Sunday.

Through this partnership, the parties hope to reach millions of Kenyans who lack access to formal insurance.

Airtel Money, Mastercard launch latest service to capitalise on increased demand for digital payment infrastructure.

Once active, company will potentially reach a 19.2-billion customer base within the regions.

Zamportal includes mobile money service to bolster digital service delivery, cashless economy.

Interoperability is expected to be in place this week after a successful pilot project undertaken by Safaricom's M-Pesa and Airtel Money in January.

Central Bank and Communications Authority will need to approve cross-network service before a full launch.