Friday, July 26, 2024

Financial inclusion Solution. Mobile banking with the banked and unbanked

Financial inclusion and bridging the banked gap has always been a fundamental concern to government, banks and mobile financial companies. This ha been in the quest for a sustainable solution that will keep narrowing the gap between the banked and the unbanked. However, Telkom is leading the disruption of financial inclusion with T-Kash as users can transfer of money to all networks for free in these two months

Customers can send any amount of money across local networks at no cost; Customers will be able to enjoy this service via Telkom’s digital financial services platform, T-kash, for the next 60 days; Customers will also get bonus airtime when they purchase airtime via T-kash.

Telkom will also be rewarding its customers with Data when they use T-kash to pay bills. Payment of monthly utilities such as Nairobi Water, Kenya Power – for both pre-paid and post-paid bills, and to pay-TV platforms such as GoTV, Star Times and Zuku, have been included into this reward bracket.

Co-Op post

Telkom’s Chief Executive Officer, Mugo KIBATI says the technology company is alive to the need for a convenient and secure financial services platform that enables customers to easily send money across networks.

“COVID-19 has brought with it heightened cost sensitivities with the discerning customer looking for more value at the best possible price. What T-kash is offering the customer for the next 60 days is a platform that takes away the stress of having to constantly make calculations of how much extra money you will need to successfully make a transaction, in this particular case, sending money.”

Telkom is working on further improvements and add-ons to T-kash. These will be announced progressively in the year, notably, to address: distribution and service availability through a growing agent network, as well as the launch of additional customer channels that will enhance the financial services experience.

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