www.WirelessFederation.com/news: Zain, the leading mobile operator in Middle-East and African countries have inked an agreement with SCB to launch its mobile money transfer service Zap in Uganda. After receiving an approval from the Central Bank of Uganda, Zain has chosen Stanchart as Zap’s trustee bank. Zap which already is operational in Kenya and Tanzania offers mobile banking services such as money transfer, mobile airtime transfer, merchant and bill payments and international remittances.
Nearly 95% of the Ugandan population has no access to banking services of the country. With over a million of Zain subscribers in Uganda having the Zap menu enabled on their phones will enable them to use the service after registering. Zain will also soon enable its subscribers to make cross-border payments and transfers between Kenya, Tanzania and Uganda at no extra charge.