yuCash has welcomed the recent recommendation by a Government taskforce calling on mobile service providers to develop a common system for facilitating mobile money transfers acrossnetworks.
A task force set up by the Prime Minister’s office has proposed that that mobile firms should work towards creating a seamless mobile money transfer system regulated by Central Bank of Kenya as a way of increasing the usage of the service.
This means, subscribers of any network will be able to send and receive money via their mobile phonesacross any other network.
Since its inception, market players have continued to seek opportunities to improve this innovative money transfer service but the biggest obstacle has been the inability to transfer money across networks.
