Comments on: Volume vs Value in Mobile Payment Systems

By: AFRICAN BANKING IN KENYA`S BEST RATED INSTITUTIONS « Acbnews's Blog-Africa`s no 1 Financial Portal

Thu, 15 Jul 2010 11:04:45 +0000

[...] to the staggering M-pesa growth rate that continues. @whiteafrican in a recent post showed that mobile transfer volume numbers are actually quite low compared to formal banking systems; however the increasing number of [...]

By: Franklin Nnebe

Franklin Nnebe — Mon, 29 Mar 2010 10:25:48 +0000

Is there a link to the full presentation? In my opinion regulators in general are often several years behind where they need to be and in Africa the tendency for the central banks is to wait for it to be widely done in the western world before jumping on to the bandwagon. But mobile money is really something that promises to be even more revolutionary than the ATM. It means carrying money on your phone rather than lots of paper notes in your pocket. It reduces the wait time that is needed for manually paying at the traditional cash register or swiping at the POS. It has great potential for the African market where vast geographical spaces often are a major cost and constraint. It would make trade a lot easier not just within countries but even between them. Banks and regulators need to understand this fact and accomodate their business around this future reality.

By: Patrick

Patrick — Mon, 18 Jan 2010 16:26:48 +0000

Good stats, but does Mama Mboga get access to RTGS? and if she does, how much would it cost her? I support Mpesa because of it simplicity, reach and of course accessibility. The number of transactions tells it all

By: Mira Slavova

Mira Slavova — Fri, 29 May 2009 15:02:20 +0000

Thanks for introducing a different perspective!
Certainly, the number of transactions and the number of customers carrying them out are very different indicators comared to the total sum of money transfered. I think the M-Pesa system also raises challenging regulation problems. Should (mobile) communication be vertically integrated with banking? It’s an open question.

http://mmd4d.org/2009/05/29/mobile-money-by-m-pesa-a-need-or-a-luxury/

By: Nairobian Perspective

Nairobian Perspective — Fri, 29 May 2009 08:18:22 +0000

Hi Erick :this is huge ! spread the word Collins Injera & Humphrey Kayange make IRB player of year 2009 list

By: karuoro

karuoro — Wed, 27 May 2009 06:03:43 +0000

I always thought that M-Pesa is something that the banks should embrace rather than fight.

I would like to be able to deposit and withdraw via M-Pesa. So if I receive payments using M-Pesa, I can bank them direct from my mobile phone.

I think that would be beneficial to the banks as it would increase their reach. It would allow many of the current unbanked who are already M-Pesa users to start banking, start building credit histories and perhaps start accessing loan facilities from the banks.

By: SANI BALA SHEHU

SANI BALA SHEHU — Tue, 26 May 2009 13:22:29 +0000

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By: Mbugua Njihia

Mbugua Njihia — Tue, 26 May 2009 11:38:11 +0000

Bank and service provider agnostic platforms is the way to go

By: matrixster

matrixster — Tue, 26 May 2009 07:39:26 +0000

I think with the landing of the fibre and more business operations moving to the web in Kenya (slowly but steadily), a online version of mobile cash transfers will be the way to go. And it need not be run by a bank.

By: jke

jke — Tue, 26 May 2009 03:17:50 +0000

Ah, these numbers regarding mbanking are based on their assumptions, right?

What if…mobile banking was used for transfering higher amounts (just because it works better)?