Two masters students recently got the opportunity to write a thesis for Ericsson and traveled to Kenya, South Africa, Tanzania and Uganda to research mobile money uptake. Read all about their experiences here.
It's Time for Open Money
The freedom to send, spend and receive money with a mobile phone is quickly becoming an essential part of life for billions of people. It's a cornerstone of the Networked Society, a strong driver of ubiquitous access to mobile money, and a great business opportunity. It also calls for change. A change where existing payment networks are connected and interoperable.
We drive this change of making money more open by developing secure, flexible m-commerce platforms that help build an interconnected and transparent financial ecosystem.
We believe that when money is open, everyone will benefit.
The Call for Change Blog
Coins and their banknote siblings play a large role in people’s lives in Bangladesh, Indonesia and Vietnam. Read about the latest ConsumerLab report into the economies, customs and peculiarities of these countries.
Our first regional consumer insight report focusing on trends and analysis of the mobile ecosystem in Sub-Saharan Africa is out. Read about how the mobile phone has the potential to bridge the digital divide in Africa by providing universal access and connectivity to a wider scope of citizens, regardless of location or economic status.
When it comes to adoption of m-commerce, Kenya is still a clear frontrunner, with over 20 million mobile money users in the country, according to the country’s telecoms regulator. So what are the barriers to replicating this level of success in other areas of Sub-Saharan Africa?
Somalialand is the latest large-scale mobile money adopter. Launched in 2009 by mobile network operator Telesom, Zaad is being used for everything from livestock trade to retail, payment education fees to utility bills.