iPay Kenya launched a mobile wallet in Nairobi earlier today with a view to organize the payments industry in Kenya. I attended the launch and even used the app and it does a few things right. Once you load money to the wallet, with options being Mpesa, Airtel Money and Visa (coming soon) and there is the usual fee for Mpesa Paybill, you get free transactions for the payments you make on the app. You can buy airtime via the app (a flawless one tap experience), pay utility bills(last I checked there was Kenya power and Nairobi water companies), pay TV, send money to others with the wallet free and also pay bills to the merchants who are signed up. You can also send money to other people who have the wallet. Only thing I’ve tested is buying airtime. Will update when I’ve done more.
There is supposed to be a referral system via SMS that isn’t working as yet. It’s supposed to get you referral points, I don’t know what’s these do for you though.