Showing posts with label Tanzania. Show all posts
Showing posts with label Tanzania. Show all posts

Saturday 27 December 2014

Will Africa’s Mobile Money Revolution Take Hold?



From AFK Insider -

“When mobile network operator (MNO) Safaricom launched its M-Pesa mobile payments system in Kenya seven years ago, few business models were as ripe to explode. With extremely high mobile penetration rates, a high proportion of unbanked households, a regulatory system that allowed telecoms companies rather than banks to lead the way, and a migrant population suffering from expensive domestic remittances, it is little wonder that more than two-thirds of Kenyan adults use the service today.

In fact, M-Pesa has become the largest driver behind financial inclusion in Kenya. Today, 66.7% of the country’s residents have access to formal financial services, compared to just 41.3% in 2009. In addition, 43% of Kenya’s GDP passes through M-Pesa.

But the service, which has also been quite successful in Tanzania, is not just the continental leader in mobile payments. It can additionally boast of operations in non-African countries where its parent company, Vodafone, operates, including Afghanistan, India, and even EU-member Romania.”

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Tuesday 26 March 2013

What we are reading … 26th March 2013

Starbucks's Shoddy Square Rollout Baffles Baristas, Confuses Customers http://dld.bz/cs8dP

Regulators Not Prepared for Financial Services Cloud and Mobile Adoption http://twb.io/Yo8QEt

6 Big, Hairy Innovation Ideas from Bank Innovation 2013 - http://dld.bz/cs2s7

Is Regulation the Newest Banking Bubble? http://dld.bz/cs2s3

The Unknown Costs of Dodd-Frank Banking Regulations http://soa.li/QabcSQe

Libor Still Big Threat For Banks As Freddie Mac Sues Dozens Over Losses http://onforb.es/XZu5A6

Human Frailty Lets Cyber Thieves Attack, Expert Says http://dld.bz/cs2sx

South Africa: Mobile banking is still waiting to take off http://shar.es/eyOZR

Five Ways to Stimulate Electronic Payments http://www.finextra.com/Community/FullBlog.aspx?blogid=7471

A bank in your pocket: The mobile money revolution in Tanzania http://shar.es/eOVQb 

What You Need To Know To Win The Mobile Wallet War http://dld.bz/cs2sn

Monday 18 February 2013

Mobile banking helps to empower Tanzanian women

“The ability to exchange money and make payments with smartphones is placing power in the hands of women.

The GSMA mWomen Programme is working in combination with Bankable Frontier Associates (BFA) and Visa in five different countries in order to help to better use mobile banking to reach women who are underserved and whose needs can be directly met by this technology and its associated products.”
 
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