South African business headlines read MTN takes on Vodacom for title of Africa’s biggest digital bank and usher in a whole new era for banking and finance on the mobile platform. Having watched this space impatiently for more than a decade, seeing this was a landmark worth noting.
The number of mobile-money customers in the region (Africa) is growing rapidly, having surpassed the number of traditional bank accounts in 2015 to reach 277 million by the end of last year, according to GSMA. ~ Moneyweb, 3rd November 2017
Here’s a curated selection of my journey watching the phone become a bank:
Photograph of Nairobi billboard taken January 2016 by Niti Bhan
Blowin’ in the Wind – perspective, May 2007
A User Centered Approach to Banking the Unbanked in Rural India (PDF, entire process) – January 2007
Pondering the Mobile Innovation Divide – perspective, December 2007
African Potential meets Indian Experience – perspective, May 2008
The Telco and the Bottom of the Pyramid – perspective, January 2009
Systems Thinking Applied To Why M-Pesa’s Economic Impact and Wealth Creation Lessons Affects the Entire Ecosystem – Afrinnovator, March 2012
What is The Prepaid Economy anyway? – 14.7.14, in response to Michael Kimani
Banking Opportunities in Africa – The Banker’s Association of South Africa, 2014
A bank meets a telco – how mobile banking is changing the landscape of financial services in Africa – The Prepaid Economy: African Edition, January 2016