How will technology and Bitcoins disrupt the remittance market? Discussion with African startups at Afrikoin
Talking about mobile money at the Afrikoin conference in Nairobi cannot be done without tackling the hot topic of remittances. The African diaspora sends $60bn/year back to their families and friends back in their respective countries, with Kenya accounting for $1.1bn. Remittances are a hot topic for four reasons: Remittance fees (12%) are higher in Africa than in any other continent (the global average is 8% and […]
Helping African merchants to accept mobile money: an Afrikoin discussion on education to new currencies for businesses
Several online payment providers from East Africa attending Afrikoin discussed another hurdle/opportunity in the mobile money field. If customers seem to enjoy MPesa as way to send and receive money, merchants need another approach to be educated and convinced to join the mobile money movement. Customer considerations when adopting mobile money Another great panel at Afrikoin gathered entrepreneurs […]
