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Mobile payment – a game changer in Africa

Published on June 09, 2015

Smartphone penetration and mobile technology are changing the way Africans transact, writes Arrie Rautenbach, chief executive of Barclays Africa Retail Banking

Writing in his latest annual “Gates Notes” letter, Microsoft founder and philanthropist Bill Gates highlighted the digital banking sector and observed that smartphones and mobile technology would define banking in Africa, especially in those communities where the cost of banking and a lack of infrastructure remain major barriers to entry. Read more. Source | How we made it in Africa

Gates’ view is reflected in part by figures from technology company Ericsson. It indicates that mobile is the communication tool of choice in Africa where competitors are scrambling to tap into the “unbanked” market by providing platforms for money transfers using mobile technology. Read more. Source | How we made it in Africa