Tanzania-based payments firm targets Kenya entry

Nala seeks to carve off a slice of the mobile money market. FILE PHOTO | NMG

Tanzanian firm Nala, which helps access multiple mobile accounts on a single interphase to settle bills and make other transactions, is seeking to set up shop in Kenya.

Founder and chief executive Benjamin Fernandes said Nala seeks to carve off a slice of the mobile money market where Sh4.3 trillion (about 40 per cent of the gross domestic product) was transacted last year.

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