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Business Maverick: Kenyan Mobile Money Gets Boost in Shift to Seamless Payments

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Kenya’s cellular-phone operators agreed to allow mobile payments across their networks, joining an effort by the central bank to integrate the nation’s payment systems.

The first phase of “merchant interoperability” will enable Airtel Networks Kenya Ltd. and Telkom Kenya Ltd. users to pay for goods through Safaricom Plc’s M-Pesa, the biggest mobile-money platform in the East African country, the three companies said in a statement on Friday.

Kenya’s central bank is seeking seamless payments across all systems so clients can send and receive money from any financial institution. Mobile money is widely used in the region’s biggest economy, with transactions carried out at agents jumping to 60% of gross domestic product last year from 23% in 2010.

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