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NEWS

Research into Mobile Money in Nigeria

Jun 2, 2022 |

The research company, Kasi Insights issued a survey in March (see: www.kasiinsight.com) on Fintech services in Nigeria, most of which are delivered by mobile. On the supply side, all banks (21) now have a Fintech offer, even if it is only accessing bank accounts online. 47% of respondents had seen or heard about fintech services but…

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GSMA Releases Its Survey on Mobile Money – Africa Leads

Jun 2, 2022 |

Africa now accounts for 70% of the world’s $1tr mobile money value. The value of Africa’s mobile money transactions edged up 39% to $701.4bn in 2021 from $495bn in 2020, highlighting the future of African banking is mobile. GSMA’s figures released on Apr. 21, show the volume of mobile money transactions jumped 23% to $36.7bn in 2021 from…

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Ecommerce Turnover in Kenya

Jun 2, 2022 |

The Research body, Kasi Insights, has issued its Brand Intelligence Tracker from 2021 which looks at how COVID affected the take-up of ecommerce in Kenya according to the report, ecommerce is growing in Kenya with estimated revenue for 2022 expected to reach $3,562m. Current user penetration is estimated at around 40.3%, but by 2025 this…

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Data Centres in Africa

Jun 2, 2022 |

Readers will recall that one of the major policy issues recently has been the storage and flow of data in Africa. Some “data localisation” regulations exist (specifically for financial data, for example in Rwanda and SA). The Department of Communications and Digital Technology (DCDT) issued a draft National Cloud and Data Policy last year which…

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News From Africa

Jun 2, 2022 |

New Trends in Payments – Interview with Michael Avery 102.7 FM Hot Business host Michael Avery will be interviewing EFSA Chair, Karen Nadasen, Board member Andrew Ma, BankServ Africa expert Ruhling Herbst, and myself on Tuesday 7 June at 13.30 – 14.00 on new payment solutions. Do join us! As an example of the issues…

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