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Jamii Telcom May Soon launch Faiba Money to rival M-Pesa

Jamii Telecom signals preparations to launch its own mobile money platform to rival its competitors.

The move may could be possible following its recent acquisition of the 700MHz frequency that could allow the company widely known for its Faiba brand to operate 4G as well as mobile phone services with prefix 0747 on what the authority says is a “trial”.