The delivery of mobile financial services in sub-Saharan Africa (SSA) continues to evolve strongly. Mobile network operators (MNOs) now offer a wide variety of services following initial, basic efforts that centred on an airtime top-up and domestic money transfer platform.
The success of Safaricom’s M-Pesa, highlighted to other telecoms operators and banks the revenue opportunities arising from a client base increased through the introduction of mobile financial services.