Analysis of News relating to the Digital Money Ecosystem

Kenyan mobile money subscriptions reach 27.5 mln in Q3 - Telecompaper (subscription)

15/08/2017 Link to source

Kenyan mobile money subscriptions reach 27.5 mln in Q3 Kenya's number of mobile money subscriptions stood at 27.5 million in the third quarter for January to March and the number of active mobile money transfer agents was registered at 174,018, according to the latest statistics from industry regulator CA. and more »

Context

	Kenya Kenya has approximately 25 million mobile subscribers and 10.2 million Internet users. Mobile penetration stands at 63.2 per cent, with the majority using their devices for money transfers and Internet access.
	Mobile money The Mobile Money service category described by Shift Thought™ refers to financial services that provide a stored value account where the customer relationship is not with a bank.
	Money Transfer This category refers to Money Transfer Services. This includes domestic, regional and international money transfer across all channels.
	Mobile wallet Mobile Wallet service category refers to the use of an account and stored value or e-money associated with a mobile subscriber.
	Transfer (formerly Banamex Transfer) Leading mobile operator America Movil and US bank Citigroup have announced a joint venture to offer mobile banking throughout Latin America, in what would be a major boost to the take-up of such services in the region. The joint venture called Transf
	Visa Mobile Money - Kenya Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.
	Domestic Money Transfer (DMT) The Domestic Money Transfer (DMT) topic discusses issues relating to the transfer of money within a country.
	International Money Transfer The International Money Transfer (IMT) topic discusses issues relating to the transfer of money across countries.
	Mobile Money Transfer This topic covers a wide range of innovative services where a mobile device is used as a channel to provide services to market segments that include previously banked users, but also those thay may be unbanked or underbanked.
	Mobile Money Mobile money uses ownership of the mobile to extend financial access
	Money Transfer Money transfer refers to the movement of money from one person or institution to another.
	Aircel ICICI Mobile Money Aircel partnered with ICICI to launch Mobile Money, a prepaid account for Aircel subscribers through which they can transfer funds, pay bills and enjoy other services from their mobile phones.
	Visa Mobile Money Visa Inc. launched their new plug-and-play mobile money platform to offer bank-grade financial services with simplified transactions in February 2016, claimed to be more cost-efficient for financial institutions and mobile operators.

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