Saturday 14 February 2015
Sub-Saharan Africa's Mobile-Money Market Could Grow to $1.5 Billion by 2019
From Market Wired –
“Revenues Will Grow as Africa's "Unbanked" Use Their Phones to Pay Bills, Save Money, and Take Out Loans; As This Trend Takes Hold, There Will Be Opportunities for Both Banks and Mobile Network Operators, According to a Study by The Boston Consulting Group.
Sub-Saharan Africa is adopting mobile financial services at a pace seen in few other places, presenting banks and mobile-network operators (MNOs) with a set of strategic choices that will go a long way toward determining their success in the region.”
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Labels:
africa,
banking,
mobile money,
mobile payments