Johannesburg, March 11, 2015 – IFC,
a member of the World Bank Group, today published a study documenting the
establishment of interoperability in the mobile financial services market
in Tanzania, an arrangement that increases access to mobile financial services
and advances financial inclusion.
The agreement on wallet-to-wallet interoperability reached in Tanzania
in September 2014 allows customers belonging to one mobile money scheme
to transfer money to a customer with an account at a different mobile money
scheme. It rests on a set of rules and standards agreed to by the mobile
financial services industry and is the first step towards a fully interoperable
Following the agreement, bilateral pricing agreements were signed between
Tigo, Airtel and Zantel in accordance with the wallet to wallet interoperable
rules. All have implemented and launched, with the Tigo and Airtel wallet
to wallet service starting in September 2014 and the Tigo and Zantel service
in December 2014. Vodacom concluded its bilateral negotiations with Tigo
in February 2015.
Greta Bull, Manager, Financial Institutions Group Advisory Services in
Sub-Saharan Africa, said: “By increasing the volume and reducing the cost
of transactions, interoperability benefits businesses and consumers and
contributes to increased financial inclusion. This case study provides
valuable information for the mobile money industry looking to establish
interoperability in different markets”.
IFC facilitated the negotiations that led to the agreement and the case
study was written by the IFC team that engaged in the process. It documents
each step of the process, from preparation and industry alignment to the
rules drafting phase, and emphasizes the importance of the industry taking
the lead in establishing the rules and standards that govern interoperability.
The case study is available online
and hard copies can be ordered by contacting Anna Koblanck at firstname.lastname@example.org.
IFC, a member of the World Bank Group, is the largest global development
institution focused exclusively on the private sector. Working with private
enterprises in about 100 countries, we use our capital, expertise, and
influence to help eliminate extreme poverty and boost shared prosperity.
In FY14, we provided more than $22 billion in financing to improve lives
in developing countries and tackle the most urgent challenges of development.
For more information, visit www.ifc.org