M-Pesa: Yet to make an impact in India

By | 2017-09-10T02:31:24+00:00 May 31st, 2015|Tags: , , , |

M-Pesa has established itself globally as one of the most successful mobile micro-finance and money transfer services. Its network consists of the following countries and regions: Afghanistan, South Africa, parts of Eastern Europe, Kenya, and India. Vodafone, India’s second largest mobile operator introduced M-Pesa in India in 2011. It has [...]

M-PESA: How Kenya took the lead in mobile money

By | 2017-09-09T05:30:13+00:00 April 7th, 2014|Tags: |

By Janet Kamana, Nairobi M-PESA is a mobile money transfer service supported by Safaricom, Kenya's largest mobile network operator. It is arguably the most developed mobile money transfer system in the world, and has transformed the lives of many Kenyans. A typical scene: sending and receiving [...]

Growth in value of mobile payments

By | 2017-09-09T10:49:16+00:00 May 22nd, 2013|Tags: |

Recent research by I.E. Market Research shows that mobile phone payments were worth 31.5 billion dollars in 2010, a slight decrease on 2009, due to the effects of the recession. This company predicts, however, that global mobile phone payments will continue to rise and be worth around 950 billion USD [...]

Number of mobile phones around the world

By | 2017-09-09T06:11:39+00:00 May 22nd, 2013|

There are approximately 5,082,665,820 mobile phones in use around the world today.  Mobile phone ownership around the world is clearly highlighted in the pie chart below. We, have, however, also broken down mobile phone use by region for those countries for which data on mobile phone ownership is available.

SMS payments and charities

By | 2017-09-09T10:30:44+00:00 May 19th, 2013|Tags: |

Unlike other business users of SMS Payments, charities are usually given the full value of the donation. With other business users, the mobile payment provider will charge a transaction fee. Mobile payment providers usually waive this fee for charities to ensure that the charity gets the full benefit of the [...]

The bad press history of sms payments

By | 2017-09-09T05:44:18+00:00 May 17th, 2013|Tags: |

When you ask anyone about premium SMS they will usually think of the companies that you used to see on television offering ringtones, wallpaper, games, photos or dating sites that people could download to their mobile phones. With these companies, SMS payments very quickly got a very bad reputation. Some [...]