Mpesa, mobile money transfer tool, is the very best example of success when it comes to financial inclusion. Mobile banking products have gradually become famous in many developing nations for making debit and credit transfers, bill payments, and online purchases; catering to unbanked population and helping them with local money transfers. And, Mpesa is no […]
Pretty nifty article on the Mobile Payment players in the world, though a few localized ones are still missing, nonetheless, a well-researched read. In the final hours of 2015, there’s one general observation to be made about the payments industry this year: Mobile drove the payments innovation bus. Source: 2015 Mobile Payments Players Top News […]
The rise and rise of M-Pesa. Having witnessed it, the usage and acceptance within the Kenyan society is just amazing. Kenya has about 19 Million users (about the same as bKash), it would be interesting to see who would emerge as the darling of mobile payments for 2016. Kenyans transacted Sh2.3 trillion ($23 billion) on […]
Level One Project is an initiative by the Bill & Melinda Gates Foundation to achieve not only greater financial inclusion, but to develop frameworks and solutions so that 2.5 billion unbanked people can have access to better financial services tomorrow.
Financial Inclusion in Africa I recently visited the continent of Africa for the first time landing in Tanzania, the land of Kilimanjaro. My goal amongst other things was to understand financial inclusion in Africa and why it is so successful? Of particular importance to me was the success of mobile payments.
Mobile Commerce: How You Can Work Towards Increasing Adoption Rates? A few months back I did a detailed study for a client on increasing mobile adoption rates for a Mobile Commerce research project. This was detailed surveying at the grassroots level, but with a very limited survey sample size. The question is still relevant today. […]
Criteo’s report on State of Mobile Commerce is worth reading. It has some amazing facts/statistics about the market. The summary slide can be seen below: The report in full can be downloaded from here.
Bill & Melinda Gates Foundation published the Gates Annual Letter 2015. It is definitely worth a read. One particular graphic from the Mobile Money section is shown below. Couldn’t help but think how this space is going to mushroom even more.