New frontier: How to reap from mobile banking

The mobile money scene can be described as a two-horse race between products developed by banks and those by telcos. However, mobile money has allowed financial institutions to offer services fast and with ease.

It is now achieving mass market adoption in all corners of sub-Saharan Africa, enabling millions of people to access financial services for the first time and contributing to economic growth and social development. Advances in the functionality of mobile phones and widespread mobile network technologies all go to guarantee a superior customer experience.