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Kenya's Communication Authority is implementing a plan to open up mobile money

The country's mobile money space, one of the most advanced in the world is led by M-PESA, hosted on the the country's biggest telecom company, Safaricom.

About 25 per cent of Kenya's gross national product flows through it, making it a fixture in citizens' expenditure.

M-Pesa and five other mobile money platforms namely Airtel Money, Telkom Money, Equity Group's Equitel, Tangaza and MobiKash have 165,109 agents across the country.

Safaricom has 135,000 agents, accounting for 82 per cent of the total agents, and boasts 26.6 million registered customers, 19 million of whom are active users of M-Pesa.

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The telecoms operator's revenue from M-Pesa stood at Sh55.1 billion ($530.3 million) in the year to March, a 32.7 per cent year-on-year growth

With the coming into play of the CA's interoperability, users of other phone networks will now be able to receive transfers from M-Pesa accounts and vice versa.

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