{"id":5891,"date":"2022-04-08T10:09:02","date_gmt":"2022-04-08T10:09:02","guid":{"rendered":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors"},"modified":"2022-04-08T15:27:44","modified_gmt":"2022-04-08T15:27:44","slug":"africa-increasingly-whets-appetites-of-mobile-money-investors","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors","title":{"rendered":"Africa increasingly whets appetites of mobile money investors"},"content":{"rendered":"

Africa-Press – Angola. <\/strong><\/span>Free money transfers, bill payments and merchant payments… Despite some regulatory constraints, competition between telecom operators is driving the deployment of mobile payment solutions on the continent.<\/b><\/p>\n

At the end of March, Ghana\u2019s parliament adopted a 1.75% tax called \u2018e-levy\u2019, which targets all types of transactions above 100 cedis (about $13).<\/p>\n

Earlier this year, the government of Cameroon introduced a 0.2% tax on money transfers and withdrawals from mobile money solutions. In both Accra and Yaound\u00e9, these new taxes have elicited some anger among the population.<\/p>\n

Industry experts point out that unfair tax rulings have had a direct impact on the development of this money transfer system, which has been booming in recent years.<\/p>\n

$1tn in transactions in 2021<\/b><\/p>\n

Given that the volume of person-to-person transactions has increased to more than 1.5 million per hour, mobile payment services continue to emerge as an alternative to cash for people in low and middle-income countries.<\/p>\n

In its latest annual State of the Industry report, the Global Telecoms Manufacturers Association (GSMA) reveals that the value of transactions passed the $1tn mark in 2021 (+31% compared to 2020). The number of accounts registered for mobile money services has risen by 18% to 1.35 billion.<\/p>\n

This business continues to grow, particularly in sub-Saharan Africa, where $697.7bn (+40% compared to 2020) was processed through mobile payment solutions. The region accounts for nearly 70% of the total amount of transactions recorded during the past year, far ahead of South Asia ($156.3bn).<\/p>\n

A central element in African SMEs<\/b><\/p>\n

Similarly, sub-Saharan Africa \u2013 where the rate of banking remains very low \u2013 is identified as the world leader in the mobile money ecosystem, in terms of the number of registered accounts. The region has no less than 605 million accounts (+17% compared to 2020), compared to 325 million in East Asia & Pacific and 283 million in South Asia.<\/p>\n

East Africa leads with an estimated financial value of $403.4bn (+31% compared to 2020), followed by West Africa\u2019s $239.3bn (+60%) and Central Africa\u2019s $50.1bn (+24%).<\/p>\n

\u201c2021 was the year when mobile money started to really diversify into B2B services. Beyond traditional transactions, the industry has become central to small businesses. Mobile money helps them operate more efficiently and better serve their customers,\u201d says Max Cuvellier, head of mobile for development at GSMA.<\/p>\n

As a matter of fact, the value of merchant payments has almost doubled to a monthly average of $5.5bn. According to GSMA, the new focus for mobile money service providers is not only to attract businesses to their platform by offering better incentives but also to improve financial inclusion for women.<\/p>\n

Operators in the running<\/b><\/p>\n

In this fast-growing market, telecom operators are stepping up their announcements to stand out. For example, M-Pesa, Africa\u2019s leading mobile payment service, has managed to attract an additional 18% of new self-registering merchants through its remote sign-up process.<\/p>\n

Launched in Kenya, but also present in Tanzania, the DRC, Mozambique, Lesotho, Ghana and Egypt, M-Pesa \u2013 Safaricom\u2019s mobile money division \u2013 could become a fully-fledged subsidiary that focuses on developing new financial offers.<\/p>\n

For its part, MTN \u2013 the continent\u2019s largest telecoms operator with some 205 million subscribers \u2013 wants to consolidate its mobile money branch in C\u00f4te d\u2019Ivoire, where the South African colossus attracts 6 million active subscribers per month.<\/p>\n

To do this, Lynda Ahui Mensah, head of MTN MFS C\u00f4te d\u2019Ivoire, is banking on the financial inclusion of women. \u201cWe support more than 50,000 rural women in agriculture who have access to all our products and services,\u201d she says.<\/p>\n

Meanwhile, the tug of war between the start-up Wave and the other heavyweight, Orange Money, continues in West African markets.<\/p>\n

In an interview with Jeune Afrique\/RFI, Alioune Ndiaye, CEO of Orange Middle East and Africa (Omea), estimated that Wave\u2019s arrival had caused the destruction of \u201csome 20,000 jobs in Senegal\u201d.<\/p>\n

Established in Dakar and Abidjan, the US fintech applies more attractive tariffs than those offered by historical operators, reshuffles the mobile money ecosystem\u2019s cards and reopens the debate on competition between telcos and start-ups.<\/p>\n

For More News And Analysis About Angola<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Angola. Free money transfers, bill payments and merchant payments… Despite some regulatory constraints, competition between telecom operators is driving the deployment of mobile payment solutions on the continent. At the end of March, Ghana\u2019s parliament adopted a 1.75% tax called \u2018e-levy\u2019, which targets all types of transactions above 100 cedis (about $13). Earlier […]<\/p>\n","protected":false},"author":84,"featured_media":5890,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,6,8,16],"tags":[233,337,329],"class_list":["post-5891","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-files","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-angola","tag-angola"],"yoast_head":"\nAfrica increasingly whets appetites of mobile money investors - Angola<\/title>\n<meta name=\"description\" content=\"Free money transfers, bill payments and merchant payments... Despite some regulatory constraints, competition between ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Africa increasingly whets appetites of mobile money investors\" \/>\n<meta property=\"og:description\" content=\"Free money transfers, bill payments and merchant payments... Despite some regulatory constraints, competition between ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors\" \/>\n<meta property=\"og:site_name\" content=\"Angola\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2022-04-08T10:09:02+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-04-08T15:27:44+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"554\" \/>\n\t<meta property=\"og:image:height\" content=\"317\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Africa increasingly whets appetites of mobile money investors\",\"datePublished\":\"2022-04-08T10:09:02+00:00\",\"dateModified\":\"2022-04-08T15:27:44+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors\"},\"wordCount\":670,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg\",\"keywords\":[\"Africa Press\",\"Africa Press-Angola\",\"Angola\"],\"articleSection\":[\"all news\",\"files\",\"homepage-english\",\"twitter\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors\",\"url\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors\",\"name\":\"Africa increasingly whets appetites of mobile money investors - Angola\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage\"},\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg\",\"datePublished\":\"2022-04-08T10:09:02+00:00\",\"dateModified\":\"2022-04-08T15:27:44+00:00\",\"author\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"description\":\"Free money transfers, bill payments and merchant payments... Despite some regulatory constraints, competition between ...\",\"breadcrumb\":{\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage\",\"url\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg\",\"contentUrl\":\"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg\",\"width\":554,\"height\":317,\"caption\":\"Africa increasingly whets appetites of mobile money investors\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/www.africa-press.net\/angola\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Africa increasingly whets appetites of mobile money investors\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#website\",\"url\":\"https:\/\/www.africa-press.net\/angola\/\",\"name\":\"Angola\",\"description\":\"Just another Africa News Agency Sites site\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/www.africa-press.net\/angola\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\",\"name\":\"cfeditoren\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/image\/\",\"url\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"contentUrl\":\"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g\",\"caption\":\"cfeditoren\"}}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Africa increasingly whets appetites of mobile money investors - Angola","description":"Free money transfers, bill payments and merchant payments... Despite some regulatory constraints, competition between ...","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors","og_locale":"en_US","og_type":"article","og_title":"Africa increasingly whets appetites of mobile money investors","og_description":"Free money transfers, bill payments and merchant payments... Despite some regulatory constraints, competition between ...","og_url":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors","og_site_name":"Angola","article_publisher":"https:\/\/www.facebook.com\/AfricaPressTunisiaa","article_published_time":"2022-04-08T10:09:02+00:00","article_modified_time":"2022-04-08T15:27:44+00:00","og_image":[{"width":554,"height":317,"url":"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg","type":"image\/jpeg"}],"author":"cfeditoren","twitter_card":"summary_large_image","twitter_misc":{"Written by":"cfeditoren","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#article","isPartOf":{"@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors"},"author":{"name":"cfeditoren","@id":"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"headline":"Africa increasingly whets appetites of mobile money investors","datePublished":"2022-04-08T10:09:02+00:00","dateModified":"2022-04-08T15:27:44+00:00","mainEntityOfPage":{"@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors"},"wordCount":670,"commentCount":0,"image":{"@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg","keywords":["Africa Press","Africa Press-Angola","Angola"],"articleSection":["all news","files","homepage-english","twitter"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors","url":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors","name":"Africa increasingly whets appetites of mobile money investors - Angola","isPartOf":{"@id":"https:\/\/www.africa-press.net\/angola\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage"},"image":{"@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage"},"thumbnailUrl":"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg","datePublished":"2022-04-08T10:09:02+00:00","dateModified":"2022-04-08T15:27:44+00:00","author":{"@id":"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb"},"description":"Free money transfers, bill payments and merchant payments... Despite some regulatory constraints, competition between ...","breadcrumb":{"@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#primaryimage","url":"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg","contentUrl":"https:\/\/static.africa-press.net\/angola\/sites\/65\/2022\/04\/img-62505457da4ed.jpg","width":554,"height":317,"caption":"Africa increasingly whets appetites of mobile money investors"},{"@type":"BreadcrumbList","@id":"https:\/\/www.africa-press.net\/angola\/all-news\/africa-increasingly-whets-appetites-of-mobile-money-investors#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.africa-press.net\/angola\/"},{"@type":"ListItem","position":2,"name":"Africa increasingly whets appetites of mobile money investors"}]},{"@type":"WebSite","@id":"https:\/\/www.africa-press.net\/angola\/#website","url":"https:\/\/www.africa-press.net\/angola\/","name":"Angola","description":"Just another Africa News Agency Sites site","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.africa-press.net\/angola\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb","name":"cfeditoren","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.africa-press.net\/angola\/#\/schema\/person\/image\/","url":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/7417380fa9e23b5c57fdbfdaf3fdf92ee478f759a084addda5faa3732853e74a?s=96&d=mm&r=g","caption":"cfeditoren"}}]}},"_links":{"self":[{"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/posts\/5891","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/users\/84"}],"replies":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/comments?post=5891"}],"version-history":[{"count":0,"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/posts\/5891\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/media\/5890"}],"wp:attachment":[{"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/media?parent=5891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/categories?post=5891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.africa-press.net\/angola\/wp-json\/wp\/v2\/tags?post=5891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}