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JamboPay is set to launch a virtual mobile network after obtaining a license from the Communications Authority of Kenya (CA).
According to reports, this will allow it to lease spectrum from mobile network operators and roll out mobile services – intensifying telco competition in an industry dominated by Safaricom.
“We have been granted a License for Mobile Virtual Network Operator,” confirms Jambo Pay CEO, Danson Muchemi. “This we intend to utilise to provide additional services to our client base. The services will include IoT (Internet of Things services).”
It was revealed that the firm will invest “Sh300 million following the approval and will target mobile payments in sectors like public transport and the energy sector”.
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