With more and more mobile payment systems popping up in Africa and especially in Nigeria the mobile payment scene is really getting interesting. Of course Safaricom's M-Pesa is the good example. The Next Web resently worte that Local transactions by Kenya's mobile money service, M-Pesa currently exceeds transactions made by Western Union globally, the International Monetary Fund (IMF) reports.
Mobile p...
I just stumbled upon these two articles. Quite interesting actually. I've always used Microsoft's Internet Explorer before I switch to Mac (and now I will never go back). Maybe because I didn't realize that there actually existed other browsers. Anyways, for the first time Internet Explorer now drops to less than 50% in browser market share.
Within a year this is probably not even sensational anymore but now, right now mobile payment systems are the new deal in Africa. Safaricom's M-Pesa is naturally the good example. They make up 20% of Kenya's GDP and shows how big the potential for mobile payment is. This article states that almost 500 million Africans have mobile phones and 60 % uses their mobile to purchase goods. This is really interesting because; 1 the whole banking industry in Africa is changing. 2 people in far out in the bush can send money via their mobile. 3 people can pay for their goods in the market with their mobile and of course many other good things. Many people who never have even thought of opening a bank account can actually do that now - vi...
Orange Money has 3 million users in Africa, which makes them the second largest mobile payment system operator in Africa after Kenyan M-Pesa with 14 million users.
Orange Money is a spin off from the telecom provider Orange. Their revenue still lies mostly within voice, SMS, Facebook etc., but mobile payment is coming along too. With less than 10% of Africans with a bank account mobile payment is the future. Orange Money is in five African countries so far, Kenya, Ivory Coast, Senegal, Mali, Madagascar and Niger. Orange first launched Orange Money in the Ivory Coast in December 2008 and have continued growing...
I've written about mobile money before ( here and here) and I tweet alot about it. Mobile money is the new black. In this article Managing Director in GT Bank, Mr. Segun Agbaje says that mobile money will transform Nigeria's economy. The services of mobile money would contribute significantly to the growth of Nigeria's Gross Domestic Product (GDP).
This is the second of four posts on Africa 2011. In this post I'll talk about two trends that really has caught my attention.
Something that really caught the attention of many in 2011 is mobile payment. Less than 10 % of Africans have a bank account, but there are more than 620 million mobile phones in circulation. Africa has overtaken Latin America to become the second largest mobile market in the world, after Asia. Mobile payment is the future. Mobile payment has huge potential and many African countries are riding that wave now. Kenyan Safaricom has had huge success with their M-Pesa. They have transacted what is equivalent to 20 per cent of Kenya's GDP and what is more money than Western Union transfers - globally. Watch a short M-Pesa documentary Read more
Here are a few predictions of what we are likely to see in Africa in 2012
- Mobile payments. This is a given as many banks/telecoms providers already have started this, but the potential is simply massive and we will see many companies try to get a piece of the cake. I believe the ones that will make it are the ones that grasp the users both online and offline. Africa (still) needs both.
- Mobile Security and Smartphone
Hacking (is something that unfortunately is very likely to happen),
which will naturally also give space for new businesses to open
with anti-virus software for phones.
- Tons of African tech start-ups focusing on the needs of rural
parts of the countries too. Social business will be a big...
Kenya, a country with some of the best safari parks in the world and some of the best athletic runners, you probably wouldn't expect Kenya to have a ratio of patients to doctors of 6,000 to 1. Kenya has more than 25 million mobile phones which means that apps potentially have a great chance of becoming very successful.
In November 2011 the mobile app MedAfrica was launched. The app works on both smartphones and less powerful feature phones and makes it much easier for Kenyans to get in touch with a doctor. Once the app is downloaded you can check your symptoms in the symptom checker - that way the patient can make a decision on whethe...
The past week many interesting things have happened - as always. I'd like to briefly talk about a few of them here.
1. How Africa Tweets is a new research, which was released yesterday by Portland. It shows how young Africans are tweeting. Twitter is really getting it on in Africa.
In collaboration with Read more
Have you ever wondered how foreigners experience Nigeria on their first trip to the country? If yes, then this is the blog to follow in the next few weeks.
After a succesful night of networking, Collins and I had an early morning breakfast at the Radisson Blu hotel in Lagos. I must say that the stay at the hotel has been very pleasant and both the service and the facilities are highly recommendable. Nevertheless, it was time to travel back to Abuja and continue work.
Apparently, there is a law in Lagos that no cars...
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