Gurtong reports that 22 year old Mayen said the Bank it Sytem will be similar to the models used by Kenya’s MPesa and M-Sente from MTN Uganda but have different features and codes. “Bank it system, is very cheap and it is for everyone, educated and uneducated, because everyone is using a phone,” said Mayen. “Mobile phones are so good because we always move with them and they are affordable to have thus can make a banking system,” he added. The Makerere University student will test the mobile money transfer service today and tomorrow (Saturday) in Juba after which there will be a launch at later date in the year.
