Airtel challenges Safaricom supremacy in money-transfer industry

Airtel Networks Kenya Ltd. has asked the country’s competition authority to probe Safaricom Ltd. for allegedly abusing its market-leading position. BD Graphic/FILE

Airtel Networks Kenya Ltd., which is targeting a share of Kenya’s mobile-money transfer business, asked the country’s competition authority to probe Safaricom Ltd. for allegedly abusing its market-leading position.

Airtel is teaming up with Equity Bank Ltd., the country’s biggest lender by market value, to begin operating a mobile-phone banking product in July.

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