Airtel Kenya has announced that it will separate its mobile money product, Airtel Money, from the company. Airtel Money will then be under Airtel Money Kenya Limited.
“Following this business separation, Airtel Money Kenya Limited will take over and continue the provision of the Airtel Money Services in collaboration with the licensed telecommunications network of Airtel Networks Kenya Limited. The continued use of the Airtel Money Service shall be deemed as proof of the customer’s acceptance of the transfer of their Airtel Money Account and related Customer Data and or sharing of the Customer Data between Airtel Money Kenya Limited and Airtel Networks Kenya Limited, “says the telco in a statement.
Airtel Money comes in second to Safaricom’s M-PESA, which has since been assumed as dominant with more than 99 per cent market share.
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