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Cross-Border Remittances: The Next Mobile Money Frontier in Africa

Cross-Border Remittances: The Next Mobile Money Frontier in Africa

This IDC Insight assesses current remittance trends and how the cross-border remittance market in Africa is shaping up. The document also shows the key drivers and challenges, key players, and remittance corridors offering the best opportunities to launch cross-border mobile transfers in Africa. It will also provide strategic guidance for telcos venturing into the cross-border remittance space.


IDC Opinion
In This Insight
Situation Overview
Key Drivers of Telco-Led Cross-Border Mobile Money Remittances
The High Cost of Sending Money
Growing Remittance Corridors
Lack of Financial Institutions in Rural Areas
Regional Partnerships
Alternative Revenue for Telcos
Key Inhibitors of Telco-Led Cross-Border Mobile Money Remittances
Regulatory Environment
Agency-Related Challenges
Price and Exchange-Rate Transparency
Dealing with Bank-Led MM Countries
Future Outlook
Essential Guidance
Aiming to Provide Affordable Pricing and Price Transparency
Marketing and Localizing the Message for CBR Services
Focusing on Partnerships and Interoperability Agreements
Improving Customer Experience and Ease of Use
Working with Mobile Money Hubs and Identifying Key Use Cases
Opening the MM Platform to the Developer Ecosystem to Accelerate Innovation

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