EAC receives $16mn WB money for mobile payments integration

Correspondent The World Bank has offered $16 million to the East African Community (EAC) to facilitate the integration of mobile payments in the five regional countries, an EAC official said on Friday. Peter Kiguta the Director in charge of customs and trade at EAC told Business Times on the side lines of a Kigali meeting that attracted the national bank governors of the five EAC countries that the World Bank money will be used to forge a roadmap to harmonise mobile payment systems in the region and others.