Mobility & Financial Services
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Mobile financial services news and trends
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The economist: Mobile money would transform even more lives in poor countries if regulators got out of the way

The economist: Mobile money would transform even more lives in poor countries if regulators got out of the way | Mobility & Financial Services | Scoop.it

IN 2007 Safaricom, the biggest mobile operator in Kenya, launched M-PESA, a service that allows money to be sent and received using mobile phones. It has since signed up 15m users, is used by 70% of the adult population and has become central to the economy: around 25% of Kenya’s GNP flows through it.

Similar schemes have had some success elsewhere. More than 120 mobile operators now offer mobile-money services of various kinds, and another 90 will soon join them. There has been a particular push in east Africa. Yet in many poor countries where mobile money should be flourishing, it isn’t....

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Insights on the Economics of Mobile Money: M-PESA Key Revenue Driver for Safaricom | Mobile Money for the Unbanked(MMU)

Insights on the Economics of Mobile Money: M-PESA Key Revenue Driver for Safaricom | Mobile Money for the Unbanked(MMU) | Mobility & Financial Services | Scoop.it

M-PESA continues to make headlines, increasing revealing insights on the economics of mobile money. Recently released financial statements from Safaricom indicate that M-PESA contributed 15.8% of Safaricom’s total revenue (compared to 12.5% the previous year), making it the company’s second largest revenue stream after voice. Most strikingly, M-PESA revenues increased 43% with only a 6% growth in registered customers from the previous year (now at 14.9M). This suggests that most of the revenue growth was driven by a large increase in the number of fee-based transactions (e.g., peer-to-peer transfers) per customer.

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