Sunday, May 15, 2011

Rwanda phone firm launches mobile money

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Tigo Rwanda, a telecom brand owned by Millicom Cellular International (MIC), on Friday launched its mobile money services in Rwanda, targeted at subscribers with limited or no access to banking services. Tigo Rwanda is the second mobile company to launch such a service after South Africa-based MTN's local unit launched its mobile money product in February 2010, acquiring about 260,000 subscribers by March this year.

Tigo has similar services in Ghana and Tanzania. Rwanda's rural areas have

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