Mobile Financial Services (MFS)

Discussion about the present and future contribution of Mobile Financial Service in the economy.

Brian Mahlangu VP Product: Digital Platforms Mobile at Absa Bank, CIB.

Connecting a Continent: The Mobile Revolution Transforming Africa's Digital Landscape

Over the past decade, Africa has experienced a remarkable surge in mobile phone usage, fundamentally transforming the continent's digital landscape. In 2010, the continent had approximately 65 million smartphone users. By 2023, this number had escalated to over 680 million, marking a more than tenfold increase. This growth has been pivotal in enha...

06 November 2024 /payments /inclusion

Donica Venter Marketing coordinator at Traderoot

How can MNOs Start Offering Financial Services?

The rise of mobile technology has transformed the telecommunications industry in recent years, with Mobile Network Operators (MNOs) now playing a significant role in the tech industry. With the increasing adoption of mobile banking and payments, MNOs are presented with a unique opportunity to offer financial services and products to their customer...

24 April 2023 /payments /inclusion

John Bertrand MD at Tec 8 Limited

Will Payment Service Providers (PSP) prosper going forward?

As domestic payment fees 'go towards zero', how will PSP make any monies from the payments business, especially if the PSP is a non-bank1 and is OpenBanking an opportunity or challenge to PSPs? Taking a look at the PSP market size in the UK in 2022 was £11billion ($13Billon), 20,000 employees and 2,000 PSP(a) companies. The leaders: Worldpay, PayPa...

06 January 2023 /payments /regulation

Nikunj Gundaniya Product manager at Digipay.guru

The Difference Between POS and mPOS & Mobile Payments

If you have been accepting card payments in your business, a POS terminal is not something new for you. A POS comprises one touch screen monitor, CPU, and auto-locked cash counter, card-swiping device, and telephone line. While this traditional POS system works well in accepting card payments but it also have some disadvantages too. Today, you nee...

01 June 2021 /payments

Retired Member 

No looking back for mobile payments as we approach the final frontier

In February this year, the number of smartphone users worldwide surpassed a whopping three billion and is forecast to grow by several hundred million more in the next few years. And it’s easy to see why. The feature evolution of smart devices has extended far beyond just making calls and texts to include apps that have become, for just about every...

24 September 2020 /payments

Shah Arafat Hossain Senior Executive Officer at The Premier Bank Ltd.

Bangladesh to face 4IR

The Internet has opened a new horizon which was a seedbed of multiple revolutions. We keep challenging our limitations and enhancing our productivity. Technology-based capacity maximization brought us to embrace a revelation whether we are ready or not. At the beginning of technological advancement, we started using the internet as a tool for the ...

15 September 2020 /inclusion /markets