mobile money transfers

Vodafone, Safaricom and the Western Union Company announced today that they will partner to pilot a cross-border Mobile Money Transfer (MMT) service between the U.K. and Kenya. This service will enable customers to send cross-border remittances from select locations directly to Safaricom mobile subscribers in Kenya generally in minutes. 

[img_assist|nid=10890|title=|desc=|link=none|align=left|width=100|height=36]Not so long ago Airtel, mobile operator, has announced its partnership with Western Union under which the companies were going to make mobile money transfers. However, it appeared that such loud statement was a snap decision. The Reserve Bank of India (RBI) has release its statement on mobile banking which makes the agreement of the two companies null and void.