Published On: Wed, May 20th, 2015

Experts discuss mobile money Africa in Johannesburg

Mobile money

Mobile money

JOHANNESBURG – STAKEHOLDERS in the continent’s mobile money sector have converged in Johannesburg, South Africa for the annual Mobile Money and Digital Payments conference.

About 5000 delegates from 54-member African countries are participating in this three days summit at the Hyatt Regency Hotel in Johannesburg.

Stephen Becker, the Chief Executive Officer of Payfair, said mobile money had simplified the lives of many around the world.

“Transactions are simpler and more affordable and this creates transparency with our consumers,” said Becker.

Kevin Marisia, Digital Channels Development Manager at the National Bank of Kenya, said mobile money was a convenient way to make transactions.

“Mobile banking has come with great changes for many areas, especially rural settlement. For example, a mother living in the rural settlement where there is no bank can receive instant money on their mobile phone,” said Marisia.

“We at the National Bank of Kenya strive to continually meet the market needs, innovating to help in our transformation,” he added.

Charles Inwani, Regional Cash and Voucher Programme at the United Nations World Food Programme also hailed the impact of mobile money in the continent.

“Mobile Money has brought a world of convenience for many who no longer have to stand in long queues to deposit money. Life is simpler,” he said.

The Mobile Money and Digital Payments will be held until Thursday.

Several firms are sponsoring the event, among them Ericsson, Telephone Software, Oberthur Technologies, Neopay and mFino.

Clarion Events is organising the conference.

– CAJ News

 

 

 

 

 

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