Page 207 - ITU-T Focus Group Digital Financial Services – Technology, innovation and competition

ITU-T Focus Group Digital Financial Services
Technology, Innovation and Competition

Kenya

In August, 2015 Safaricom announced that it was increasing the rates charged for transfers from bank accounts
to M-PESA to align them with the M-PESA P2P tariffs. Rival Equitel MVNO complained to the CBK that this
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price change was not justified. This apparently prompted Safaricom to unilaterally rescind the planned price
increase. The retail banks in Kenya have not been fully been able to interoperate with M-PESA and as such
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are developing their own payments switch.
Jordan

In Jordan, interoperability has been mandated by the Bank of Jordan (BOJ). All bank and non-bank participants
have to link the BOJ’s switch JoMoPay. Final governance and commercial arrangements for the switch have
yet to be established. 185

183 Standard Kenya (2015) Safaricom Hits Banks With New M-PESA Fees, available at https:// goo. gl/ rgXDeE
184 People Daily (2015) Safaricom Withdraws New Charges On Equitel, available at https:// goo. gl/ I1cNUL; and Mazer & Rowan
(2016) ibid
185 GSMA (2016c) The Long Road To Interoperability In Jordan: Lessons For The Wider Industry, available at https:// goo. gl/ 6mnfT1

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