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Mobile finance is indeed on the rise, and all indications are that this industry will be at the forefront of transformation in global financial services. This is perhaps no more apparent than in development finance where mobile technology is leveraged to deliver financial services to the unbanked. M-PESA, for example, a money transfer service operating in Kenya, has reached the 1 million customer mark. The service is provided by Safaricom, which is jointly owned by Telkom Kenya Limited (60%) and Vodafone (40%). Clearly the opportunity here is enormous, and it is not limited to the conventional marketplace. There are numerous financial technology companies positioned to benefit from the anticipated explosion in mFinance - particularly mBanking - with the majority being privately held and/or VC/PE backed. Some of these include:
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This post is from a series of posts in the group:
A community to discuss the future of financial services and any other interesting trends, strategies, ideas, views.
Chris Holmes
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Chris Ibbitson
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