Digital Money Blog: Mobile banking in Africa

Dave points to an article about Wizzit in Africa. 

Wizzit, which is a mobile banking provider that offers a transaction banking account accessible via mobile phone and debit card. It has about 50K customers for its virtual bank (there are no branches). Customers can use their mobile phone to make person to person payments, transfer money, purchase prepaid electricity, and buy airtime for a prepaid mobile phone subscription.

Source: Digital Money Blog: Mobile banking in Africa

Its interesting how 3rd world countries can go straight to wireless technologies – we can learn about consumer adoption from these lessons.

 

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2 thoughts on “Digital Money Blog: Mobile banking in Africa

  1. Mobile payment systems is going to be one of the biggest hits in africa for operators who truly connect to the everyday reality of the consumers. Me2u airtime sharing service has been elevated to a mobile remittance system among families and friends in most markets in the region.

    The obvious next level is to progress this to a full-scale bank-supported, easy-to-use but very secure platform that make this another killer app
    The success of MPesa in Kenya is a learning for us all

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