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Mobile money

24 Mar 2019
In this unfolding era of Artificial Intelligence (AI) and the march towards Fourth Industrial Revolution, Nigeria is not left out in the move to enthrone AI-led services, especially in the telecoms sector. Globacom is at the forefront of revolutionalising the telecoms sector with AI enabled services. The firm noted that it was committed to ensuring…
1 Mar 2019
The GSMA has predicted that the current reforms in Mobile money where telecommunications operators will be licensed among others in Nigeria, Egypt and Ethiopia...
13 Feb 2019
John lives and works in Nairobi. He does not have a bank account and he stores any excess cash he has at home, under his mattress. John’s family lives hours away, in rural Kenya. Previously, when his wife unexpectedly needed money, John either had to make the long journey home by bus, or he had…
14 Nov 2018
The Chief Executive Officer of MTN, Rob Shuter, has said that despite the challenges the telecommunications firm is facing in Nigeria, it will, next month, apply for a mobile-money licence.
14 Nov 2018
The Association of Licensed Mobile Payment Operators (ALMPO), a body poised with the role of creating a voice for all Mobile Money Operators in Nigeria is set to hold...
19 Oct 2018
The 3rd annual conference of the Association of Mobile Money Agents in Nigeria (AMMAN) 2018 will be focusing on how to drive Central Bank of Nigeria Financial inclusion initiative. The conference is scheduled to hold on November 8, at Radisson Blu hotel, Ikeja with the theme ‘Driving Inclusion: Exploring Agency Banking with Shared Network’. Victor…
22 Aug 2018
Despite the rapid growth in many other emerging markets and the high penetration rate of mobile phones in Nigeria (60.4% of Nigerian adults), the uptake and awareness of Mobile Money and Agent Banking have been persistently low at 1% and 16% respectively according to the EFInA Access to Financial Services in Nigeria 2016 Survey. Mobile…
14 May 2018
What is preventing the mobile money business from growing? Despite the increased relevance of Digital Financial Services (DFS) in closing the financial exclusion gap, more than 40 percent of Nigeria’s adult population remains excluded. In a 2016 study, Dr Olayinka David-West and Nkemdilim Iheanachor explored the supply-side constraints limiting mobile money adoption and inhibiting the…
18 Apr 2018
After about five years of operation in Nigeria, mobile money has only been able to attract just one per cent penetration.
12 Apr 2018
As part of moves to strengthen mobile money segment of Nigeria’s information and communications technology (ICT) sector, the Nigerian Communications Commission...
5 Jan 2018
Nigeria's is still struggling while other African countries are enjoying mobile money international remittances and experts who should know are worried. Emmanuel Okoegwale, Principal Associate, Mobilemoney Africa, explained that Mobile international remittance is about convenience and cost saving for the senders and recipients of international remittances. “It makes mobile money more viable for the supply…
6 Nov 2017
Mobile money operators leverage small retailers called agents, who offer cash-in and cash-out services to consumers. In some countries, operators allow the agents to perform transactions on behalf of the consumer.

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