Afghanistan operator, Roshan, is going to unveil mobile payment service in cooperation with UK giant, Vodafone. Vodafone already built M-PESA that had been implemented in Kenya. Called as M-Paisa in Afghanistan, the service will act mainly as a vehicle for microfinance institutions’ (MFI) loan disbursements and repayments, with an additional range of business to business applications such as salary disbursement and airtime distribution.

Consumer person-to person transactions will also be available from the outset, enabling those MFI clients and employees who have received their money via M-Paisa to benefit from the full capabilities of the service.

Currently, there are 50 M-Paisa-trained dealers in the cities of Kabul, Mazar, Jalalabad and Herat; Roshan is looking to expand agent reach nationwide by the end of 2008. In addition, M-Paisa will be used by major organisations such as Afghanistan’s The First MicroFinanceBank and FINCA - one of the world’s largest microfinance institutions.

Other institutions within Afghanistan will soon use M-Paisa to disburse salaries to their unbanked employees.

Source: cellular-news

Share This

 Print Posted by Amir Karimuddin on February 11th, 2008