Telkom Kenya is set to introduce two new subsidiaries to help improve it's digital and financial services. In a statement on Thursday, Telkom said the move is in line with plans to position itself as the best telecommunications company in terms of data services and digital infrastructure. "To enhance service delivery, Telkom is creating two 100% wholly-owned subsidiaries to house its Digital and Financial Services businesses," said the statement. Under the partnership, Telkom would install the Fursa wallet and offer support with respect to its operationalization, maintenance and updates, as well as providing professional and product support services, including infrastructure, care services, monitoring, performance and availability. Telkom Kenya CEO Mugo Kibati said the collaboration was the first of such Digital Financial Services partnerships that the company will be exploring, with the potential to accelerate the economy into cash-lite status.

Source: The Star May 13, 2021 09:45 UTC