Surprise! Guess Which Country is 2nd for Mobile Money Globally?
April 19, 2013 Editor 0
We all know that M-PESA in Kenya dominates the mobile money conversation in Africa, where mobile banking has expanded to 16% of the market. So its easy to assume that Kenyans have the highest usage of mobile money anywhere in the world.
Look who is second on the list: Sudan!
Surprising eh? It shouldn’t be. Yes, only 13 per cent of South Sudan’s eight million people currently own a mobile phone, and there are fewer than 0.01% have bank accounts, but that looks like opportunity to mobile money operators. Zain already has 40% of the South Sudan mobile market and they predict that by 2016, mobile money will have a turnover of $1.03 billion.
Where is Tanzania?
I am surprised that Tanzania doesn’t feature on the list. Is it possible to see data breakdown? I can see data collection being a challenge with #Tanzania. At times, it feels like it is a guess work.
I agree that the data feels suspect – how can Sudan have more mobile money activity than Tanzania? I have the same question about the Philippines, where GCash dominates. Yet here is the World Bank report, which on page 25 starts to detail the mobile money sector and looks to be legit.
So it is time to accept that Sudan is second in mobile money globally?
- Illuminating the developing world’s “invisible” consumers
- Seven things you need to know to turn a start-up into a scale-up
- Kenyan scientists release five new canning bean varieties after sixty-year wait
- Value chain upgrading and inclusion of smallholders in markets: Role of multistakeholder processes in dairy development in Tanzania
- Characterization of local chicken production and management systems in Babati, Tanzania
- Feeding innovation – lessons from India and Tanzania
Subscribe to our stories
- The Strategic Role of Design in Driving Digital Innovation June 10, 2021
- Correction to: Hybrid mosquitoes? Evidence from rural Tanzania on how local communities conceptualize and respond to modified mosquitoes as a tool for malaria control June 10, 2021
- BRIEF FOCUS: Optimal spacing for groundnuts in smallholder farming systems June 9, 2021
- COVID-19 pandemic: impacts on the achievements of Sustainable Development Goals in Africa June 9, 2021
- Explicit knowledge networks and their relationship with productivity in SMEs May 30, 2021