Price wars loom as new telcos hunt for customers

Tangaza Pesa chief executive Oscar Ikinu. Money transacted through mobile phones hit Sh1.3 trillion in the first half of 2015 compared to Sh1.1trn at the same period last year. PHOTO / FILE /

In 2005, Mr Oscar Ikinu, the founder and chief executive of Tangaza Pesa, approached Safaricom to propose a partnership through which he would roll out mobile money services on the operator’s network.

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