Tags: Mobile Money: Beneficial for banks?

Mobile Money: Beneficial for banks?

Mobile MoneyMobile money presents an opportunity for banks and financial institutions to access informal markets in new ways, says Vahid Monadjem, Nomanini CEO. Over the past decade, mobile money adoption has skyrocketed—a phenomenon that has primarily been driven by growth in sub-Saharan Africa. Indeed, since the 2007 launch of M-Pesa in Kenya, mobile technology has…