Friday , February 3 2023

How floating money continues in Boom in Africa



[ad_1]
<div _content-c14 = "" innerhtml = "

An M-Pesa 2008 transaction via Nokia 1100 phoneVodafone.

Kenya's M-Pesa mobile sensation fan with PayPal and the redundant giant Western Union, as well as a joint venture between the major mobile operators (MTN and Orange). The significant developments that are being made in developing markets in the markets of Africa have been seen.

M-Pesa has 28.5 million users in East Africa, and today Western Union will be able to send huge 500,000 global agents in more than 200 countries.

M-Pesa has revolutionized mobile transactions, first in Kenya, launched by Safaricom in 2007 in other parts of eastern Africa and today in western Africa.

In three months of 2018 and June, M-Pesa processed 581 million transactions for 23 million Kenyan subscribers, for $ 14.6 million or $ 162 million, Communication Authority& nbsp; Kenya.

"The power of financial technology to expand the access and use of the companies has proven most in sub-Saharan Africa." du World Bank Global Findex Database& nbsp; wrote a survey on the financial survey 21% of adult regionals now have money for a mobile account. This is "almost double the rate of 2014 and easily the highest in the world".

Last year, the GSM Association said more than half of all mobile moneyWorldwide services are in sub-Saharan Africa, the fastest growing mobile market in the world. The region has 500 million mobile subscribers for 2020.

"Moving money across the region is crucial to broadening financial services with limited financial institutions, particularly women and rural populations. 135 direct live services of 135 live regions were at the end of 2017, 122 million active accounts," GSMA said Mobile Economy Sub-Saharan Africa 2018 & nbsp;report.

M-Pesa announced in April that PayPal has 254 million users, with whom M-Pesa may have potential business.

The World Bank refers to Western Redemptions' worth of $ 2 million in Kenya; The US $ 36 million, meanwhile, posted an inter-annual increase of 13% in 2017.

The M-Pesa process has more than 1.7 million transactions per year, which has more than 50% of Kenyan GDP. "M-Pesa is a revolution that has strengthened tens of millions of people among the poorest communities in the world," said Michael Strogoff, currently Director of Mobile Money in the Vodafone Group and Safaricom's CEO, when M-Pesa was launched.

The Findex survey said "While mobile money in Middle East, the 2017 update reveals that it has gone beyond Western Africa and beyond."

Earlier this month, CEO of the Group, Rob Shuter, announced a conference at the African Congress in Cape Town, MTN, which plans to offer Money Money in the South African and Nigerian mobile markets next year. and wants to be the "largest provider of African financial services".

Originally launched in South Africa in 2012, it ended in 2016, by chance, when Safaricom closed the company Vodacom, M-Pesa closed its market.

MTN said 24.1 million Mobile Money users were active in 14 countries late in June.

The joint venture between MTN and Orange, announced last week, is calledMowali, for the interoperability of the portfolio, allows the money from mobile money provided by mobile money to send money in real time and at low cost. "

"Mowali will be immediately available for MTN Mobile Money and Orange Money, which includes 100 million mobile money and mobile money operations in 46 sub-Saharan African markets. Mowali is ready to move beyond MTN and Orange operations and markets, financial services digital providers have helped 338 million mobile money accounts in Africa, "they said.

MTN 225 countries have subscribed to 225 countries, at the end of June 2018; Orange has 201 million mobile customers worldwide in 28 countries, on September 30, 2018.

"Interoperability between digital payments has been the most difficult obstacle to financial services in the financial services sector," said Kosta Peric, Deputy Director of Poverty Financial Services, Bill & Melinda Gates Foundation. "Mowali, Orange and MTN will provide a solution, and other companies will increase digital financial services throughout Africa, faster, for everyone, including the poor. A new wave of innovation, a signal that can help alleviate poverty and economic opportunities."

">

An M-Pesa 2008 transaction via Nokia 1100 phoneVodafone.

Kenya's M-Pesa mobile sensation fan with PayPal and the redundant giant Western Union, as well as a joint venture between the major mobile operators (MTN and Orange). The significant developments that are being made in developing markets in the markets of Africa have been seen.

M-Pesa has 28.5 million users in East Africa, and today Western Union will be able to send huge 500,000 global agents in more than 200 countries.

M-Pesa has revolutionized mobile transactions, first in Kenya, launched by Safaricom in 2007 in other parts of eastern Africa and today in western Africa.

In three months of 2018, M-Pesa processed 581 million transactions to 23 million Kenya subscribers, $ 14.6 million or $ 162 million, according to the Kenyan Communications Authority.

"The financing power of the technologies to increase access to and use of accounts is most widely evident in Saharawi Africa" The World Bank's Global Findex Database wrote in the financial inclusion survey 21% of adult regionals now have a mobile money account. This is "almost twice the 2014 fee and easily the highest in any region in the world".

Last year, GSM said more than half of the world's mobile services in sub-Saharan Africa continue to be the fastest growing mobile market in the world. The region has 500 million mobile subscribers for 2020.

"Moving money throughout the region is crucial for the spread of financial services for people with limited access to traditional financial institutions, especially women and rural populations. At the end of 2017 there were cash-flow 135 services, 122 million active accounts," GSMA said Mobile Economy Sub-Saharan Africa 2018 report

M-Pesa announced in April that PayPal has 254 million users, with whom M-Pesa may have potential business.

The World Bank refers to Western Redemptions' worth of $ 2 million in Kenya; The US $ 36 million, meanwhile, posted an inter-annual increase of 13% in 2017.

The M-Pesa process has more than 1.7 million transactions per year, which has more than 50% of Kenyan GDP. "M-Pesa is one of the millions of people in the world with some of the poorest communities in the world," said Michael Strogoff, director of Mobile Money at the Vodafone Group, and was the CEO of Safaricom, M-Pesa.

According to the Findex survey, "mobile money is focused on East Africa, reveals 2017 updates in West and West Africa."

Earlier this month, CEO of the Group, Rob Shuter, announced a conference at the African Congress in Cape Town, MTN, which plans to offer Money Money in the South African and Nigerian mobile markets next year. and wants to be the "largest provider of African financial services".

Originally launched in South Africa in 2012, it ended in 2016, by chance, when Safaricom closed the company Vodacom, M-Pesa closed its market.

MTN said 24.1 million Mobile Money users were active in 14 countries late in June.

The joint venture between MTN and Orange, announced last week, is calledMowali, for mobile wallet interoperability, "mobile money provides money from suppliers to make money on mobile money in real time and at low cost."

"Mowali will immediately have access to MTN Mobile Money and Orange Money, and mobile money accounts and mobile money in Saharan's 46 markets in South Africa, Mowali is ready to support interoperability between digital financial services, with MTN and Orange operations and over the markets, in Africa to support 338 million dollars in mobile money, "said companies.

MTN 225 countries have subscribed to 225 countries, at the end of June 2018; Orange has 201 million mobile customers worldwide in 28 countries, on September 30, 2018.

"Interoperability between digital payments has been a difficulty in the financial services of the financial services sector for financial inclusion," said Kosta Peric, Deputy Director of Poverty Financial Services at the Bill & Melinda Gates Foundation. "Together with Mowali, Orange and MTN they allow other companies to increase digital scales of financial services in Africa, faster, for everyone, including the poor, which is a new wave of innovation that can help alleviate poverty and boost economic opportunities.

[ad_2]
Source link