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Mobile Money in Africa : Promise and Perils

As part of the content program on digital finance that Mazars has launched in partnership with the Economist Intelligence Unit, we are exploring in a new article how mobile money is driving Africa’s cashless future.

Over the last few years, Africa has become a global leader in mobile money with the rate of smartphone adoption at twice the global scale. In 2014, the most recent year for which figures are available, the mobile money market in sub-Saharan Africa generated $656 million in revenue, according to industry analysts Frost and Sullivan. But what challenges is the industry facing and how can these be overcome?

Promise and perils of mobile money in Africa

This new research written by the Economist Intelligence Unit and sponsored by Mazars, looks at why Africa offers such fertile ground for mobile money service providers. Today, more than half the mobile money companies in the world operate on the continent. But despite its rapid growth, the mobile money industry faces some distinct challenges in Africa.

Taking as an example the rise of M-Pesa, the continent’s biggest mobile money success story, the article explores key trends and practices in the industry, as well as the main challenges the mobile money industry is facing.

Download the full article here to find out more.

zied.loukil

Partner - Banking

Zied is currently a banking Partner at Mazars in Paris. He has extensive auditing and consulting experience with African and international banks and financial institutions, as well as a broad knowledge of the African banking sector, its specificities and the regulatory changes underway (IFRS, Basel II & III..). Zied is a Chartered Accountant and holds a Masters in Audit and Financial Advisory from the University of Paris-Dauphine.
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