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Kenya: Mobile Technology is Boosting African Innovation
Source: Google Alert
Source Date: Tuesday, October 22, 2013
Focus: ICT for MDGs, Internet Governance
Country: Kenya
Created: Oct 22, 2013

Matiangi was also of the opinion that the theme of the conference, ‘The Customer is King – and Queen’, reflected the need for the financial services sector across the region to focus its energy on delivering efficient, fairly-priced services to fire up national economies.
“My ministry is committed to finding all possible ways to steer growth in this direction, by ensuring a smooth flow of information between banking and mobile software systems.
“Our mobile operators across COMESA countries and West Africa have raised the bar in penetrating financial services to the middle and low income earners.
“Other innovators and payment aggregators are building more specialised services to run on the channels provided by the mobile operators. MFIs and SACCOs are leveraging on the same networks.”
Matiangi also urged banks and other financial institutions to play their role in the mobile money revolution and help bring long-term stability, security and competitiveness to a service that is increasingly dominating the economy.
“We have to create a level playing field. My Ministry will be working with the Central Bank, CCK (Communications Commission of Kenya) and Bankers Association to achieve this goal on an orderly, fair basis,” he added.
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