3min chapter

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The birth of African mobile money

The Banker Podcast

CHAPTER

Key Success Factors in African Mobile Money Services

This chapter explores the key factors behind the success of mobile money services like M-Pesa in Africa, emphasizing the importance of network connectivity and motivated agents in rural regions. It also examines the rise of Payment Service Banks in Nigeria and their potential impact on the mobile money landscape, drawing parallels to the rapid growth observed in Kenya and Tanzania.

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