Telkom to link mobile cash platform to banks

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A subscriber holds a Telkom SIM card. FILE PHOTO | NMG

Telkom Kenya is in the process of integrating its mobile money service, T-Kash’s systems with local commercial banks to allow customers to send and withdraw money from their accounts, increasing competition in the mobile money service.

Telkom Kenya chief executive Mugo Kibati said the technology company is working with Integrated Payments Services Limited (IPSL), a secure electronic payment company owned by Kenya Bankers Association (KBA) to link T-Kash and bank accounts.

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