Money transfer costs set to fall as Safaricom, Telkom link up

A customer uses Safaricom’s M-Pesa platform. FILE PHOTO | NMG

Cross-network money transfer charges between Safaricom #ticker:SCOM and Telkom Kenya will drop by up to 76 per cent as the two telcos integrate their mobile phone accounts on Thursday.

Telkom’s T-kash and Safaricom’s M-Pesa customers will send and receive money directly across networks into their mobile money accounts in the second phase of the service dubbed interoperability.

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Note: The results are not exact but very close to the actual.