The service will allow customers to access microcredit loans via their mobile phones, a move aimed at taking over rival Safaricom’s M-Pesa Mshwari loan and KCB M-Pesa.

The telecommunication company said the infrastructure is ready and awaits approval from the Communication Authority of Kenya (CA).

T-Kash loan
Telkom announced to its T-Kash subscribers that the credit facility was coming soon in the market, according to Techweez.

The company intends to partner with commercial banks to integrate T-Kash loan services but said its customer service will remain within the base.

This means there will be no job losses among Telkom employees offering customer care services.

Telkom CEO Mugo Kibati formed two subsidiaries – Telkom Digital and T-Kash aimed at revamping the company’s market share.

The T-Kash subsidiary and loan could see the company increase its market presence from the current 8.3k agents across the country.

The customer base is also expected to increase as a majority of Kenyans tend to utilise mobile loan services.

Telkom digital
The company’s Telkom digital subsidiary is aimed at increasing its data business service in the country.

Telkom expanded its 4G network connection with an additional 2000 networks to strengthen its coverage in mobile data service in the country.

In June 2021, the company market share stood at 4.6% behind Airtel which took a 26.6% share and Safaricom at 68% share.

The firm recently launched KSh 1,500 monthly mobile data package that enables subscribers to share the internet.

The 100 Gigabytes of mobile data is open to prepaid customers and aims to rave up the telco’s revenue.

The change bundle package offers 200 on-net and 50 off-net minutes that enables customers to make calls to different networks.

Sourced from Tuko