In emerging markets, mobile money services have the power to simplify lives, offering people the convenience of paying from anywhere and at any time, but also to transform them, playing a social noble role by addressing the unbanked or underserved population in Africa, offering them payment services they did not have access to before.
Africa is a continent filled with digital opportunity. With the mobile phone as the primary online device and a 72% mobile phone penetration rate, by far surpassing landline internet connections, the African digital revolution will take place through the small screen. Seven out of 10 of the world’s fastest-growing economies will be in Africa by 2015. And the continent’s financial services sector is projected to grow 40% by 2020.
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