Think M-Pesa

Think M-Pesa

25 June 2014 » Think M-Pesa

Holding a third of the world’s 61 million active mobile money accounts, Kenya is the clear global leader in digital finance. Across East Africa, Kenyan agents generate the highest amount of transactions per agent, but the lowest amount of profits in the region.  Surprisingly, Kenyan agents earn a lower median profit per month ($70) than both Tanzania ($95) and Uganda ($78).  With new agents consistently joining the market, competition is having a negative impact on profits and driving existing...

14 May 2014 » Think M-Pesa

Kopo Kopo, a leading provider of business management software with over 10,000 clients in Kenya, is pleased to announce its new merchant cash advance service called “Grow.” Unlike a traditional bank loan, Grow is designed to help businesses grow and prosper by accommodating their cash flow cycles. Grow cash advances are disbursed in minutes, require no personal guarantee and come with no late fees or penalties.“In our years of doing business, we’ve seen even our best customers struggle to...

30 April 2014 » Think M-Pesa

Since the launch of mobile money in Tanzania five years ago, the country has witnessed exponential growth with ‘less than 1% of the adult population having access to mobile financial services in 2008, to 90% access by September 2013’. The country is now on the cusp on the next stage of evolution, integrating banks into the ecosystem, and offering services like merchant payments at retail stores.  However, for Tanzania to continue to push the frontier of mobile money, it will have to also take a...

30 April 2014 » Think M-Pesa

The Helix Institute has launched the report for theTanzania the agent network accelerator survey held in 2013.The Tanzania Country Report is based on a national representative sample of over 2,000 mobile money agent surveys carried out in 2013 all over the country. The report depicts Tanzania as a dynamic and competitive market with profitable agents, focusing on the country's operational factors of success and residual challenges.Key findings from the report:Agents are overwhelmingly...

08 April 2014 » Think M-Pesa

Kopo Kopo provides tools to facilitate mobile payments through existing platforms, focusing on merchant payments that enable small and medium businesses to accept mobile money payments from their customers. Having now reached over 12,500 merchants in East Africa, the team aims to expand to new markets, working with mobile money providers interested in rolling out merchant payments.For further information download the Mobile For Development report : Case Study - Kopo Kopo (pdf)

18 February 2014 » Think M-Pesa

After its official launch in Kampala in January 2014, The Helix Institute of Digital Finance has this week published its ‘Agent Network Accelerator Survey – Uganda Country Report’, available for download at www.helix-institute.com/data-and-insights. The Uganda report is the first of eight country reports on agent networks, as part of the cutting-edge Agent Network Accelerator (ANA) research project. ANA, a collaboration between the Bill & Melinda Gates Foundation and MicroSave, is the...

18 February 2014 » Think M-Pesa

 In recognition of its contributions and commitment to mobile financial services across 15 countries in Africa, Airtel Money, a mobile money platform of Bharti Airtel has been awarded the prestigious Kalahari Award 2014 as a player in the mobile money sector with the “fastest growth and expansion in Africa.” On the same vein, Bharti Airtel’s Director and Africa Head, Airtel Money, Chidi Okpala was honoured as the MobileMoney Kalahari "Personality of the Year" at the 4th MobileMoney Expo held in...

07 February 2014 » Think M-Pesa

3G Direct Pay Limited, a leading online payments service provider, today announced a strategic business partnership with Kopo Kopo, a merchant services platform for mobile network operators in emerging markets.Eran Feinstein, Managing Director, 3G Direct Pay Limited signed the partnership agreement which he said would bring innovative payment options for the regional travel industry.“Our partnership, the first of any in the world, will introduce mobile money to the online arena,” commented...

06 February 2014 » Think M-Pesa

M-KOPA Solar is today announcing that it has closed its most recent round of funding, raising US$ 20 million (Ksh 1.72 Bn) to fund expansion of their customer base from 50,000 homes to one million homes by 2018. M-KOPA Solar is an innovative asset financing company that sells solar home systems to off grid households, on an affordable 12-month mobile money payment plan.The funding includes a US$ 10 million (Ksh 860 million) commercial-grade syndicated debt facility fronted by a leading East...

29 January 2014 » Think M-Pesa

In the following video, global financial inclusion leaders explore the questions of whether financial inclusion is possible by 2020, and why we should work towards that goal.The video features the following individuals:Ajay Banga, CEO, MasterCard WorldwideCherie Blair, Founder, The Cherie Blair Foundation for WomenSendhil Mullainathan, Professor of Economics, Harvard UniversityMark Hookey, Founder, Demyst.DataNick Hughes, Director of Strategy, M-KOPAEdward Effah, Managing Director, Fidelity...

19 January 2014 » Think M-Pesa

Talking about the world’s most ambitious research project on agent networks, Mike McCaffrey, Head of Digital Financial Services - Africa at Microsave, highlights three key trends to watch out for agent networks in 2014; inter-connectivity, liquidity tethering and fraud. Mike also introduces The Helix Institute of Digital Finance, a world-class training institute for digital finance (mobile money and mobile banking) practitioners. 

15 January 2014 » Think M-Pesa

The Helix Institute ofDigital Finance has today launched its first country assessment report in Uganda, based on over 2,000 mobile money agent surveys carried out in 2013 all over the country.  Uganda is among four African countries participating in the world-class research project, selected for its contribution to the development of digital financial services globally. The report focuses on the country’s factors for success in agent network management and what the industry needs to focus on in...

19 November 2013 » Think M-Pesa

Following the runaway success of M-PESA in Kenya, global payment players are beginning to converge in East Africa.Read more>>> Mobile Payments in East Africa: The World is watching.

17 November 2013 » Think M-Pesa

Bharti Airtel (“Airtel”), a leading telecommunications services provider with operations in 20 countries across Asia and Africa, today announced that it is working with the Grameen Foundation to initiate a project to provide mobile financial services to Savings Groups in Uganda. The innovative project, dubbed ‘Airtel Chama’ (“chama” means “savings group” in Swahili) aims at reducing Savings groups’ reliance on cash and seeks to introduce the benefits of mobile technology to approximately 900,...

14 November 2013 » Think M-Pesa

Kopo Kopo, a merchant services platform serving thousands of businesses in East Africa, announced today that it raised $2.6 million in Series A financing. Javelin Venture Partners led the round withVinod Khosla’s Impact Fund, an existing investor. Accion Venture Lab also participated. Noah Doyle of Javelin Venture Partners will join Kopo Kopo’s board of directors.In the last two years, Kopo Kopo has become a premier merchant services platform by partnering with mobile operators launching mobile...

12 November 2013 » Think M-Pesa

Kenya has become a global leader in mobile banking, thanks to Safaricom M-PESA service. M-PESA has redefined retail banking by making mobile phones all-in-one credit cards, ATMs, money transfer offices, and branches.Since its inception in 2007 M-PESA has continued to make leaps and bounds globally. Here is Safaricom’s CEO Bob Collymore putting it into perspective.

12 November 2013 » Think M-Pesa

The following are the latest M-PESA statistics according to the latest reports released by Safaricom.M-PESA has 18.2 million registered users of which 11.6 million are active users.There are 78,856 M-PESA agent outlets countrywide.34% of airtime top-ups are done directly through M-PESA.The value of P2P (person-to-person) transfer per month is KES 77.3 BillionThe value of P2B (Person to Business) per month is KES 9.9 BillionThe value of B2P (Business to Person) per month is KES 7.6 BillionOver...

11 November 2013 » Think M-Pesa

06 November 2013 » Think M-Pesa

Airtel Kenya and Pepsi have partnered with the Nairobi County Government to launch an exclusive project that will provide youth groups in the County with 1,000 kiosks as a way of empowering youth to generate sustainable income.The 1, 000 Airtel Money branded kiosks will be distributed to all city markets, estates and selected location in the Central Business District (CBD). Under the agreement, the kiosks will also operate as Airtel Money agents where customers (both postpaid and prepaid) can...

31 October 2013 » Think M-Pesa

The FinAccess 2013 survey results shows that Kenya’s formal financial inclusion now stands at 66.7% in 2013, an increase from 41.3% in 2009. This rate of expansion in the reach of the financial sector places Kenya second only to South Africa in Africa.More than double the number of adults use mobile phone financial services (11.5 million) compared to banks (5.4 million). Use of mobile phone financial services more than doubled from 28% to in 2009 to 62% in 2013. Bank use has been rising over...

30 October 2013 » Think M-Pesa

Since the beginning, M-Shwari has been ‘savings-led’. Customers were encouraged to deposit money into M-Shwari in order to qualify for loans. The more you deposit into your account, the more you can borrow. This strategy failed to produce a revolution in inclusion desired since customers were not maintaining a balance in their M-Shwari account.M-Shwari has now shifted to a credit-led savings strategy, whereby depositors are attracted to maintain funds in M-Shwari with a reciprocating borrowing...

30 October 2013 » Think M-Pesa

M-Shwari is giving up to 30,000 loans a day, according to CBA's CEO Jeremy Nguze.M-Shwari now has 5 million registered users. This makes CBA the second largest retail lender after Equity Bank which has 7 million accounts.Read more on the Business Daily

15 October 2013 » Think M-Pesa

Extending the reach of formal financial services to include the very poor living in the most remote areas of the developing world, is not a new idea.  And yet three quarters of the world’s poor still have no access to a bank account, reports the World Bank in their global survey.The problem is the high cost of secure and reliable financial services, particularly in inaccessible rural areas. The solution is already out there argued Bill Gates at the Alliance for Financial Inclusion Forum this...

01 October 2013 » Think M-Pesa

Airtel Kenya and Pan Africa Life Assurance Limited have entered into a strategic partnership to provide a life insurance product dubbed ‘Bima Mkononi’ into the Kenyan market. The partnership will enable customers from both Airtel and Pan Africa Life Assurance Limited to access affordable life insurance via their mobile phones.The service is a first to market innovation service that will see hundreds of thousands of Kenyans who have for the longest time been denied a chance to life insurance due...

01 October 2013 » Think M-Pesa

Income-generating micro and small enterprises (MSEs) are one of the main instruments of economic empowerment for millions of young entrepreneurs in Africa. Micro-enterprises also provide employment opportunities to millions of youth across the continent.In Kenya for example, the informal sector is dominated by micro and small enterprises. The sector has grown so rapidly over the past two decades that in 2006 it contributed 18 per cent of Kenya’s GDP. According to the 2009 Kenya Economic Survey...

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