Telkom Kenya plans to revive its mobile money transfer services

More than eight months since it shut down its money services, Telkom Kenya formerly known as Orange Kenya is set to make a comeback.

Clare Ruto, Telkom Kenya’s chief legal and regulatory affairs officer, Wednesday said the new mobile money service was in the “final stages” of approval by the Central Bank of Kenya after successfully tried through a pilot programme last year among the company’s employees.

At the time it was decommissioned last year; Orange Money had the second-lowest number of subscriptions, after Mobile Pay, and the smallest agent network.

The company rebranded in June 2017, dropping the Orange identity, and has invested about Sh5.6 billion in expanding and modernising its network coverage in the country.

Ms Ruto added that the company was carrying out technical tests for mobile money interoperability in readiness for joining a pilot of cross-network transfers that is already being carried out by Safaricom and Airtel.