Mobile money diversification – Accelerating industry growth

When

Wed, 26 Oct: 16:00 - 17:15 CAT

Free/Open to All

Physical
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Session Description

Exceeding $1 trillion in processed transactions for the first time in 2021, the remarkable growth of the mobile money industry is increasingly attributable to third party-driven transactions. The rapid growth of transactions such as merchant payments, bill payments, and services such as digital credit, savings and insurance is a testimony to this.

Accelerating this diversification process is key to unlocking access to a wide range of services to previously excluded populations, driving financial inclusion. But it is also key for the mobile money industry’s sustainability; from revenue diversification to its partners who can leverage the power of seamless payments. The conditions to make this possible are manifold, both at the level of mobile money providers and ecosystem partners: a clear understanding of market opportunities leading to sound strategic decisions, investment appetite, seamless user experience (underpinned by growing smartphone ownership), or an enabling regulatory environment.

Join us for this session where industry experts will discuss ways to secure a more sustainable digital financial future through mobile money.

 


 

This work is supported by the Bill and Melinda Gates Foundation and UK Aid

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