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.
Technorati tags: consumer+adoption
[...] Another article on the topic of mobile banking in Africa Earlier we posted a reference to Wizzit. Here the Economist talks about the challenges of authentication, and usability, but there are several players in this space in Africa. [...]
Mobile telephony and banking | Phoney finance | Economist.com « Bankwatch
December 9, 2006 at 21:52
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
Bayo Adekanmbi
August 8, 2008 at 11:11