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...

06 Sep Online Payment: Fintech in Africa Chasing Growth in eCommerce and mCommerce of 2.5 billion Consumers

Fintech is alive and well in Africa.    The motivation is the African drive for financial inclusion for the more than 2.5bn people who are in an exciting growth phase and have limited access to banking.  Fintech investments are targeting emerging markets which is going down well with investors.  Getting in on the ground floor with financial services across Africa.The growth in consumerism in Africa is unparalleled, and the growth in financia...

02 Sep Online Payment Africa: Mobile Money in Ghana

MTN Ghana mobile money transactions in 2015 are four times 2014, having added 2m new users over the same period.   MTN Ghana is the leading telco in Ghana and partnering with local banks like GTBank, UMB, UBA, Stanbic, Ecobank, ADB, Cal Bank and Access Bank has helped grow their payment method considerably.Mobile money consumers can top up their wallet at more than 20,000 mobile money merchants throughout the country.  MTN mobile money users can pay b...

01 Sep eCommerce and mCommerce: Millions of Consumers in Africa Coming Online via Mobile Payment Alternative Payment Methods

In China, Tencent and Alipay have 16m and 350m registered users of their online payment services.  Emerging markets are hot favourites for growth in consumers using mobile wallets and mobile payments which can now be used for online payment.  Alternative payment methods are growing and featuring relative to credit and debit cards for millennials and emerging markets like Africa.  Whilst PayPal is the most dominant solution globally, each emerging mark...

31 Aug Mobile Payment Methods in Africa are Transforming Digital Economies Facilitating Growth in eCommerce and mCommerce

The African Development Bank (AfDB) is interested in financial inclusion for African consumers and there is talk of focusing on fintech to connect and improve the lives of Africans.  ICT is seen as a catalyst to economic transformation and mobile money. the likes of Safaricom’s M-Pesa is proof of what mobile payment methods can do to developing economies.The ability to pay using mobile money and using mobile  channels links African consumers from the...

29 Aug African Online Payment: Developing Market Payment Methods Driving Economies

This is the most exciting time for payments globally and particularly in emerging markets like Africa.  Banks are the old battleguards and now laggards in the mobile and online payments ecosystem which is driven by consumers and mobile.  Technology is pioneering a new way of paying and getting paid which transcends national boundaries in a global worldwide ecosystem that brings consumers and commerce from all corners of the globe together.The developed mar...

26 Aug Emerging Market Online Payments Growing Fast

According to yStats.com, emerging market online payment grew by 50% last year and mobile payment methods are growing even faster.  In Nigeria mobile payments grew ten times and COD is becoming less popular.  Across Africa, mobile payment providers are linking up to ensure interoperability to further drive the financial inclusion and mass adoption and penetration of consumer paymentability.The heavyweights, Visa, MasterCard, American Express and PayPal are ...

25 Aug Criteria for Successful Online and Mobile Payment Penetration in Africa

It is important for multinational merchants wanting to expand to Africa to choose their countries and online and mobile payment methods carefully. For example Nigeria has more than 17 mobile money payment methods to choose from. How would a global merchant remotely choose the most appropriate mobile payment method for their eCommerce business. For that matter how would they even know that mobile payment methods are ideally suitable. Taking Nigeria as a case in poin...

24 Aug Mobile Money and Online and Mobile Payment Methods in Africa Increasingly Regulated

In Africa the competition to mobile financial services is cash.  Mobile payments are fulfilling a valuable gap in serving the financial needs of underserved African communities.  Payment gateways like African Payment Solutions are linking up these mobile financial services which are connected to the majority of economically active African consumers.  African country governments have woken up to regulating the online payments and mobile payments ecosys...

18 Aug Online Payment in Africa: Facebook Paves the Way for eCommerce in Kenya

Even Facebook is adventuring into Africa interactively with it’s Internet.org app and introducing new services to the Kenyan consumer market.  Facebook is venturing into 17 countries in partnership with mobile operators to provide free facebooking and basic internet services to consumers.Internet.org is now availabile to more than a billion consumers throughout Africa covering the following countries:  Tanzania, Kenya and Zambia in East Africa and Gh...