Payments News


Bill Gates Foundation eyes Kenya with software that allows mobile money interoperability

“The Bill and Melinda Gates Foundations is seeking to launch a free software that will enable Kenyans transact money across different banks and telcos. The Business Daily reports that the foundation plans to hold talks with Kenya’s Central Bank in order to rollout the software known as Mojaloop. The software will be expected to connect the six mobile money providers and 44 registered banks upon securing the necessary regulatory approvals and partnerships with industry players.”