April 8, 2017 IBOMLLC Team

Mobile Commerce Transforming African Economies at Scale

Mobile Commerce

Innov8tiv
Innov8tiv – Blacks In Technology in USA, UK, Caribbean Islands & Africa

At the market opening on March 31, the London Stock Exchange (LSE) launched a report featuring “Companies to Inspire Africa”. Roughly 50% of the companies featured in the report for propelling growth in the continent are in the Financial Services and Technology/Telecoms sectors. According to the report, in almost 10 years, there has been a 344% growth of mobile phone usage in African from 2007-2016.

This is complimented by the rise of mobile consumers across Africa who increasingly rely on their mobile phones to send/receive money and to make payments. In countries such as Kenya more than 58% of the adult populations have a mobile account. This presents a great opportunity for companies to develop mobile payment solutions that are relevant to the customers’ needs.

Among the featured companies in the report is Cellulant, a leading payments service provider and recently acclaimed as the Best Payments and Transfer Company in Africa. The company has been at the center of Financial Technology innovation for more than 13 years.

In countries that the company has operations, they were the first ones to catalyze the mobile commerce penetration. Just …read more

Read more here:: Mobile Commerce Transforming African Economies at Scale

      

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