Mobile Financial Services in Africa: Deployment and Configuration Strategies for Operators
Published on: 20th Dec 2013
With 43% of forecasted m money deployments worldwide expected to be in sub Saharan countries operators in Africa are approaching the mobile financial services opportunity in two different ways according to a new report from Pyramid Research.
"One strategy operators can adopt to address the mobile financial services opportunity is to deploy services sequentially in each country, with the type of services rolled out determined for all countries by the same road map," says Ousmane Yatera, Analyst at Pyramid Research.
"This has some risks, however: local context is considered only lightly or not at all when the service strategy is drawn up," he continues. "For that reason, the operator has to own a large customer base, possess a strong corporate image and invest massively in marketing, communication and a distribution network to reach critical mass as soon as possible."
Tags: mobile money