Sunday, October 29, 2006

Mobile banking in South Africa

The Economist has a feature on how Mobile's have ment that most South Africans now have bank accounts. In just over a year 500,000 people have signed up for a Bank Account. These people are not the traditional middle class who were enfranchised this is the half of the population who do not have a bank account.

My observation is that with more and more people now using mobiles for banking when are we going to see a useable service on our handsets here in Western Europe? M-Pay has to be about more than just buying content off a portal. When will Orange let me pay for my film tickets rather than send me a voucher to get a second ticket for free?

1 comment:

Hannes@Home said...

Check out who is providing mobile banking technology to a number of banks in Africa.