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Hans Kuipers, Mikaël Michiels and Michael Seeberg
Africa Blazes a Trail in Mobile Money
Time for Banks and Mobile Operators to Devise Strategies
Boston Consulting Group, 2015
What's inside?
The mobile financial services marketplace in Sub-Saharan Africa seems like an entrepreneur’s dream, but providers should enter with their eyes wide open.
Recommendation
The mobile financial services marketplace in Sub-Saharan Africa seems like an entrepreneur’s dream: While about three-quarters of the population lacks access to banking services, more than half uses mobile phones. The ability to meld these two phenomena effectively represents an untapped and potentially lucrative opportunity for financial services providers and mobile network operators, if they can overcome a number of significant hurdles. getAbstract recommends this sobering but ultimately optimistic report from Boston Consulting Group professionals Hans Kuipers, Mikaël Michiels and Michael Seeberg to leaders in global financial services and mobile technology, and to those with business interests in the region.
Summary
About the Authors
Hans Kuipers, Mikaël Michiels and Michael Seeberg are Boston Consulting Group executives.
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