MobiKash officially launched in Kenya today, bringing a two-year pilot and license registration process to a close.  According to MobiKash CEO Duncan Otieno, MobiKash is the first “universal bank account” in Kenya.  MobiKash Chairman Muthoni Kuria describes MobiKash, a USSD-based mobile commerce platform, as a “seamless, real-time, and open solution” for accessing financial services. 

To date, MobiKash has 55,000 subscribers, which it acquired with the help of its three banking partners: Post Bank, National Bank of Kenya, and Trans National Bank.  MobiKash has also signed contracts with a network of 3,000 agents.  

The launch ceremony was held at the Nairobi Serena Hotel and was attended by Bob Collymore (CEO of Safaricom), Frederik Eijkman (MD of PEP Intermedius), Raila Odinga (PM of Kenya), Professor Ndung’u (Governor of CBK), and Samuel Poghisio (Minister for Information and Communication). 

To learn more about MobiKash, visit www.mobikash.com. 

Ben Lyon, VP of Business Development (@bmlyon)