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Yu seeks mobile money growth

Kenyan operator Yu is reported to be keen to access M-Pesa services.

Yu, owned by Essar Telecom Kenya, has seen steady growth in Kenya, with over 1.6 million subscribers and more talk time in use.

Yu also offers a mobile money transfer service, Yu Money.

However, the mobile operator is reported to be hoping for Safaricom to open its hugely popular M-Pesa service to other networks, saying mobile number portability has been hampered because subscribers do not want to lose their mobile banking connections.

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