In the wake of Vodacom’s decision to close down its M-Pesa mobile money service in South Africa at the end of this month, a pioneer of mobile financial services for the mass market, Brian Richardson, CEO of Wizzit International, has
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“Happy families are all alike; every unhappy family is unhappy in its own way.” So reads the opening line of Leon Tolstoy’s Anna Karenina. The novel comes to mind when looking at the prospects that confront mobile money. Success stories have many similarities, but failed efforts fail for their own
The continent is being hailed as a global cellphone banking and payments innovation hub, but it seems the sector will be coming under increasing regulatory scrutiny as the relationships between cellphone operators and banks are placed under the spotlight. A survey of players in the African