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Mobile Money: Telcos Scramble for Africa

Mobile Money: Telcos Scramble for Africa

In this insight, IDC looks at the current state of MM services across major economies in Africa. Kenya, the most successful use case of MM services, will be assessed and compared with other African states deploying MM systems. IDC will also look at the evolution of the MM ecosystem, address the existing opportunities and challenges, and provide key strategic guidance to central players in the ecosystem.

Please Note: Extended description available upon request.

IDC Opinion
In This Insight
Situation Overview
Competing MM Models: MNO-Driven vs. Bank-Driven
Kenya: "The Digital Transaction Culture" and Growing Dependency on MM Services
Tanzania: Championing MM Interoperability in Africa
South Africa: MM Services Can Be a Niche Solution Because "South Africa Is Not Kenya"
West Africa: Nigeria's Bank-Led System vs. "Being Left Behind"
The Rest of Africa
Future Outlook
Critical MM Success Factors
Essential Guidance
Table: Summary of Mobile Money Environment in Select African Countries
Figure: Competing MM Models in Africa
Figure: Diagram 1: Africa's MM Evolution Path

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