Mobile Money – M-Pesa In Kenya, 7 Things Worth Knowing 6

Whenever there is talk of mobile money payments initiatives, the M-Pesa Kenya implementation is probably one of the most referenced success stories. And rightly so! The statistics are incredible, with 21.8 million registered M-Pesa users in Kenya making payments person to person (KSh 106 billion) , person to business (KSh 23.5 billion) and business to ...

10 Things I Learnt About Mobile Money from GSMA

The GSMA State of the Industry – Mobile Financial Services for the Unbanked 2014 – Report is a really interesting insight into the mobile money landscape. The report compiled by GSMA’s Mobile Money for the Unbanked (MMU) team is a must read for anybody interested in mobile money, the unbanked and financial inclusion. Following are ...

Contactless Payments In Europe – Why the Fuss? 3

The global growth in contactless payments is resulting in some to mourn the death of the wallet. The days of clinking change in your pocket and withdrawing ‘fresh’ notes from an ATM, according to the popular press, are drawing to a close. The purpose of this post is to share what contactless payments are, and why ...

Starbucks Mobile Payments – So What? 2

Anyone who is closely watching the mobile payments space will constantly hear and read about the explosion of mobile payments in various African countries and the growth of the Starbucks mobile payments app. When you consider these two trends side by side, it is somewhat astonishing. On the one hand you have the enabling, empowerment ...

Mobile Payments for Newbies – Part 2 3

In the post Mobile Payments for Newbies – An Introduction, an overview of mobile payments and how mobile payments are made is provided. The post also covers the concept of ‘banked’ and ‘unbanked’, and highlights how mobile payments are meeting the needs of consumers and businesses in these 2 very distinct models. This post builds ...

Mobile Payments for Newbies – An Introduction 6

There is a lot of hype around mobile payments, almost on a daily basis we’re hearing news about either a new mobile payment service or of a company / partnership that has / intends to enable mobile payments. The mobile payments ‘revolution’ is happening right around us in various ways. This is the first of many posts that will ...

SEPA Mobile Payments – An Introduction 5

When it comes to payments, there is a tremendous amount of buzz around mobile money payments. Its fair to say that various countries in Africa are leading the way when it comes to mobile money payments, and other regions are looking at the success and wondering if the model can be replicated. The EPC has released ...