Telkom Kenya, along with the Ministry of ICT’s National Youth Council has developed a youth-focused Digital Wallet.
The app is called ‘Fursa’ and according to Telkom, it is a platform that allows the council to easily disburse funds to Youths in the country in a faster, secure, convenient, and timely manner. This solution will increase the youth’s resilience in the midst of physical and infrastructural barriers that obstruct their access to financial services and products.
Telkom’s Chief Executive Officer, Mugo Kibati says that this collaboration is the first of many such Digital Financial Services partnerships that the company will be exploring, with the potential to accelerate the economy into cash-lite status.
“More can be done to advance the financial inclusion of our youth. Further digitisation and investment in the mobile money ecosystem will help solve a crisis that has been further exacerbated during the pandemic. The Fursa e-wallet helps to address this challenge,” said Mr Kibati.