29 Nov AFRICAN eCOMMERCE AND PAYMENT: NIGERIAN eCOMMERCE IS ALIVE AND WELL AND MOVING RAPIDLY FROM CASH TO ONLINE PAYMENT

eCommerce is alive and well in Nigeria for example, Kaymus an online platform for SME’s already has more than 40,000 SME’s on their platform, educating consumers in the use of eCommerce and paving the way for multinationals to enter the territory.   Nigeria is a very connected society with high mobile and internet penetration, so word of mouth is strong.   Giants like Jumia and Konga have made significant investments in grabbing market shar...
Read More

28 Nov AFRICAN eCOMMERCE: ONE BILLION CONSUMERS GETTING READY FOR eCOMMERCE AND ONLINE PAYMENT STARTING WITH KENYA AND NIGERIA

There are some really big eCommerce businesses emerging on the African continent and paving the way for multinational eCommerce companies to sell to African consumers and expand to eCommerce hubs like Nigeria and Kenya.     Jumia for example is backed by global player Rocket Internet, and has revenues of around $30m per annum and valued on a recent round of funding at half a billion dollars.     The African continent has a billion consumers a...
Read More

25 Nov eCOMMERCE PAYMENT - GETTING PAID ONLINE BY CONSUMERS IN KENYA: PART 2

Scheme cards in circulation; Debit card enablement for online purchasing;  eCommerce hubs in Africa;  African eCommerce strategy;  Repatriation of funds to international merchants;  MDR;  Conversion rates;  Decline rates;  Reasons sited for local acquiring   There are approximately 12m-14m scheme cards in circulation and there is talk that the 2% of non-scheme cards could be phased out by the end of 2017.    T...
Read More

24 Nov eCOMMERCE PAYMENT - GETTING PAID ONLINE BY CONSUMERS IN KENYA: PART 1

Topics covered:  Primary forms of online payment; Regional markets; Government eCommerce; 3D Secure;  Acquiring currency; Verve and China Unionpay   I have just returned from Nairobi Kenya and wow, have things changed in such a short time for all of us in online payments and getting paid by Kenyan consumers.   Uber made our trip an absolute pleasure at a total transport cost of less than $70 for the week to meet with our Kenyan banks and m...
Read More

16 Sep Online Payment Methods in Kenya and Nigeria

Kenyan mobile money legislation is tightening up with the instruction to Safaricom to be more transparent with its M-Pesa billing system and to bring it into the public domain.  M-Pesa has always been a very affordable way to pay bills and to shop and pay online on eCommerce sites.    eCommerce in Kenya is growing in double digits annually as a result of consumer connectivity and ability to pay with a tried and tested payment method like M-Pesa.I...
Read More

15 Sep African eCommerce Brands and Online Payment

As compared to Safaricom, MTN is the market leader in Africa when comes to size and profit.  They have further entrenched their dominance through the establishment of a pan-African eCommerce business that spans the continent with some of the most significant own African brands.  Safaricom is a market leader with M-Pesa as compared with MTN’s MTN Mobile Money which the telco is growing as a payment method through the expansion of their eCommerce busin...
Read More

13 Sep Online Payment: MTN Online Shopping Expansion Paving the Way for Multinational eCommerce Sales to Consumers in Africa

MTN has teamed up with Millicom, a Tigo company, to open for eCommerce business in Kenya.  African Internet Holdings (AIH) is expanding their online shopping business, already represented in more than 10 countries.Kenya is a primary market for AIH as a result of its high internet penetration.  Some of their key brands are Kaymu, Jumia, Lamudi, Easy Taxi, HelloFood and Jovago.  MTN is looking to add value to a commoditised voice and data market through...
Read More

12 Sep Mobile Money for eCommerce Emerging Market Online Payment – Africa focus

Africa has more than 900m mobile consumers which is almost as many people as are on the African continent.  There are many mobile money services in the rest of the world but none of them as successful as M-Pesa’s market adoption and penetration in Kenya.GMSA states that in 2014 there were 255 mobile money services in 89 countries worldwide.  In emerging markets mobile money is the most prevalent way of transacting as compared to developed markets whe...
Read More

09 Sep Online Payment in Africa: Expanding to Kenya for eCommerce Accepting M-Pesa

Mobile wallets always have the problem of interoperability and reaching a critical  level of market adoption to become the de facto payment method of choice.  Cooperation between players is key to success – bringing telcos, banks, and government together in concert.M-Pesa was only introduced in 2007 and has grown to more than 20m active users in Kenya and almost 300m transactions a year.  It is used by most kenyans on a daily basis to pay bills ...
Read More

07 Sep Online Payment: More Than 70% of Kenyan Consumers Have Internet Access and More Than 50% Can Pay With M-Pesa for eCommerce Purchases

East Africa is ripe and ready for global eCommerce and mCommerce with its own internal combustion engine of consumers connected and hungry for local and international goods and services.  In Kenya more than 70% of the consumers are connected to the internet, more than 50% of them have a way to pay with M-Pesa and even more of them if you count the other mobile money methods available.  And growing, with more than two and a half million new data subscriptio...
Read More