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Safaricom head hunts Equity chief in battle for mobile cash

Safaricom CEO Bob Collymore. The telco has hired former Equity Bank Group director of payments Ronald Webb to head its M-Pesa unit. PHOTO | FILE

Safaricom has hired former Equity Bank Group director of payments Ronald Webb to head its M-Pesa unit, stepping up the mobile money rivalry between the two companies.

Mr Webb has been instrumental in driving the growth of Equity Bank’s mobile money payments platform, Equitel, which he has headed for the past one year.

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