Wireless Firm Telkom Launches Mobile Money App

The South African wireless provider Telkom says its Kenyan operation has launched an app for its mobile money product, T-Kash.

The company said in a news release Tuesday (Jan. 4) that its app is available from the Google, Huawei and Apple app stores, and offers customers wider access to its digital financial services.

“The launch of the T-Kash App is the culmination of extensive research on evolving customer trends, anchored on the need for simplicity, security, availability and diversified service offering,” said  Julius Cheptiony, Telkom’s chief strategy and business development officer.

“The result is an easy-to-navigate platform that seeks to simplify a customer’s experience with respect to mobile financial services,” he said.

The company says the app will let customers send money to a mobile wallet within the Telkom network, as well to MPESA wallets and eventually to Airtel Money wallets. The app also allows users to make transfers to a bank account, to buy airtime and data bundles for their Telkom line, pay bills and make bank withdrawals and deposits through T-Kasha agents.

“Guided by the research data that we have collected during the development phase of this app and the feedback we shall continue to receive from our customers, we will be unveiling more service options in the coming months,” Cheptiony added.

Read more: 3 Telco-Driven Apps To Watch in Emerging Markets in 2022

As PYMNTS reported earlier this week, mobile network operators in Africa have been at the forefront of a movement of telco-driven super apps, leveraging important strategic assets like as pre-existing subscriber bases, merchant relationships and customer insights gleaned from the massive amounts of data they collect.

One of these is another Kenyan offering, the M-Pesa super app, launched in June 2021 and recording around 30 million transactions a day in Kenya.

The app includes offline features that lets customers use M-Pesa to make payments even without data bundles or not connected to the internet. It also also integrated Paypal into its platform, which allows customers to access funds from M-Pesa through Paypal.