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CBK Governor Launches Tangaza

Mobile pay has launched an internet based money transfer system that combines internet and the mobile phone to send and receive money; you can still send and receive money without having to use your phone. The system, dubbed Tangaza, can be used on all mobile service providers and can be used to trade in stocks among other uses. Central Bank Governor Professor Njuguna Nduguna praised the system as one that placed Kenya at the centre of financial inclusion and innovation in the world stage.

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