Warid Telecom Uganda Joins the Mobile Money Business Compentition
Warid Telecom Uganda has launched a mobile money platform , Warid Pesa, increasing the number of operators providing the mobile commerce service.
The service also allows subscribers to send money to all other networks in Uganda. It uses SMS and Internet-enabled handset platforms, meaning that if the service crushes, subscribers can use the internet.
Warid Pesa brings options to the mobile money market currently domited by MTN. UTL rolled out its M-Sente Service over a year ago. Airtel is also expected to officially unveil its mobile money next year.
Equity Bank has partnered with Warid, allowing customers to recieve and send money through the bank.
Mobile commerce and the internet or data market is the new space where operators are expected to tussle it out as the voice segment gets smaller and more competitive.
To send money, a Warid client pays sh500 for a transuction of between sh5,000 to sh125,000.